Ross Stores (ROST) : Traders are bullish on Ross Stores (ROST) as it has outperformed the S&P 500 by a wide margin of 6.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.1% in the last 1 week, and is up 9.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.36% and the 50-Day Moving Average is 10.81%. Ross Stores Inc. is up 9.17% in the last 3-month period. Year-to-Date the stock performance stands at 15.47%.
Ross Stores (NASDAQ:ROST): stock turned positive on Friday. Though the stock opened at $61.31, the bulls momentum made the stock top out at $61.89 level for the day. The stock recorded a low of $61.08 and closed the trading day at $61.83, in the green by 0.82%. The total traded volume for the day was 2,159,743. The stock had closed at $61.33 in the previous days trading.
Also, Equity analysts at the Brokerage firm UBS maintains its rating on Ross Stores (NASDAQ:ROST). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at UBS lowers the price target from $60 per share to $57 per share. The rating by the firm was issued on May 20, 2016.
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.