In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Ross Stores (ROST – Research Report), with a price target of $150.00. The company’s shares closed last Friday at $132.33.
According to TipRanks, Boruchow is an analyst with an average return of -3.4% and a 44.51% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Nike, and Gap.
In addition to Wells Fargo, Ross Stores also received a Buy from Morgan Stanley’s Alexandra Straton in a report issued on May 6. However, on May 17, Telsey Advisory maintained a Hold rating on Ross Stores (NASDAQ: ROST).
Based on Ross Stores’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $6.02 billion and a net profit of $609.68 million. In comparison, last year the company earned a revenue of $5.21 billion and had a net profit of $447.04 million
Based on the recent corporate insider activity of 43 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.
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Ross Stores (ROST) Company Description:
California-based Ross Stores, Inc. operates off-price retail apparel and home accessories stores under the Ross Dress for Less and dd’s DISCOUNTS brands. Its products include branded and designer apparel, accessories, footwear, and home fashions.
