Ross Stores (ROST) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Ross Stores (ROST) : The highest level Ross Stores (ROST) is projected to reach is $67 for the short term and the lowest estimate is at $33. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $58.44 and the possibility the share price can swing is $8.51.
For the current week, the company shares have a recommendation consensus of Buy. Ross Stores (NASDAQ:ROST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $61.72 and $61.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $61.96, notching a gain of 1.47% for the day. The total traded volume was 2,441,674 . The stock had closed at $61.06 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Orban George, director of Ross Stores Inc, had unloaded 56,000 shares at an average price of $57.48 in a transaction dated on July 8, 2016. The total value of the transaction was worth $3,218,880.
Ross Stores, Inc. is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dds DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dds DISCOUNTS stores in 15 states. The Ross and dds DISCOUNTS stores are supported by five distribution centers. The Ross brand stores offers its products at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle income households. The dds DISCOUNTS stores offers its products at savings of 20% to 70% off moderate department and discount store regular prices every day. Its target customers typically come from households with moderate incomes.