Ross Stores (ROST) Receives a Buy from Morgan Stanley


In a report released today, Kimberly Greenberger from Morgan Stanley maintained a Buy rating on Ross Stores (ROST), with a price target of $130.00. The company’s shares closed last Monday at $123.32, close to its 52-week high of $123.63.

According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.8% and a 67.6% success rate. Greenberger covers the Services sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and Capri Holdings.

Currently, the analyst consensus on Ross Stores is a Moderate Buy with an average price target of $122.94.

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Ross Stores’ market cap is currently $44.12B and has a P/E ratio of 27.19. The company has a Price to Book ratio of 13.48.

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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.

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