In a report released yesterday, Chethan Mallela from Barclays maintained a Hold rating on Ross Stores (ROST), with a price target of $99. The company’s shares closed yesterday at $81.63.
According to TipRanks.com, Mallela has 0 stars on 0-5 star ranking scale with an average return of -13.6% and a 28.6% success rate. Mallela covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and TJX Companies.
Ross Stores has an analyst consensus of Moderate Buy, with a price target consensus of $96, a 17.6% upside from current levels. In a report released yesterday, Citigroup also maintained a Hold rating on the stock with a $88 price target.
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Based on Ross Stores’ latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $338 million. In comparison, last year the company had a net profit of $274 million.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is negative on the stock.
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Ross Stores, Inc. engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.
