After Loop Capital Markets and Wells Fargo gave Ross Stores (NASDAQ: ROST) a Buy rating last month, the company received another Buy, this time from Morgan Stanley. Analyst Kimberly Greenberger maintained a Buy rating on Ross Stores today and set a price target of $104. The company’s shares closed last Monday at $107.40, close to its 52-week high of $108.20.
According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.5% and a 66.9% success rate. Greenberger covers the Services sector, focusing on stocks such as Capri Holdings Limited, Urban Outfitters, and Hudson Limited.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ross Stores with a $108 average price target, a 1.1% upside from current levels. In a report issued on August 16, Loop Capital Markets also maintained a Buy rating on the stock with a $120 price target.
See today’s analyst top recommended stocks >>
Ross Stores’ market cap is currently $39.17B and has a P/E ratio of 24.97. The company has a Price to Book ratio of 12.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ROST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
