Ross Stores, Inc. (ROST) Given New $79.00 Price Target by RBC Capital (RY) Analysts.
Friday, July 08, 2021 11:10 AM

Equities research analysts at RBC Capital (NYSE: RY) boosted their price target on shares of Ross Stores, Inc. (NASDAQ: ROST) from $73.00 to $79.00 in a research note to investors on Friday. The analysts currently have a "sector perform" rating on the stock.

Separately, analysts at Zacks Investment Research downgraded shares of Ross Stores, Inc. from an "outperform" rating to a "neutral" rating in a research note to investors on Tuesday.

Shares of Ross Stores, Inc. traded down 1.22% during mid-day trading on Monday, hitting $80.28. Ross Stores, Inc. has a 52 week low of $48.71 and a 52 week high of $83.11. The stock's 50-day moving average is $79.12 and its 200-day moving average is $72.19. The company has a market cap of $9.389 billion and a price-to-earnings ratio of 16.43.

Ross Stores, Inc. last announced its quarterly results on Thursday, May 19th. The company reported $1.48 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $1.48 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that Ross Stores, Inc. will post $1.12 EPS next quarter.

Ross Stores, Inc. operates two chains of off-price retail apparel and home accessories stores. As of January 30, 2010, the Company operated a total of 1,005 stores, of which 953 were Ross Dress for Less (Ross) locations in 27 states and Guam and 52 were dd’s DISCOUNTS stores in four states. Both chains target women and men between the ages of 18 and 54. Ross target customers are primarily from middle income households, while the dd’s DISCOUNTS target customer is from more moderate income households. Ross offers name brand and designer apparel, accessories, footwear, and home fashions for the entire family at everyday savings of 20% to 60% off department and specialty store regular prices. dd’s DISCOUNTS features a moderately-priced assortment of name brand apparel, accessories, footwear, and home fashions for the entire family at everyday savings of 20% to 70% off moderate department and discount store regular prices.

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