FBR Capital Boosts Price Target on Ross Stores (ROST)
Equities researchers at FBR Capital (NASDAQ: FBCM) boosted their target price on shares of Ross Stores (NASDAQ: ROST) from $65.00 to $70.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock.
Shares of Ross Stores traded up 0.26% during mid-day trading on Friday, hitting $62.60. Ross Stores has a 52 week low of $33.50 and a 52 week high of $62.55. The company has a market cap of $14.180 billion and a P/E ratio of 21.83.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Ross Stores from $63.00 to $68.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Ross Stores in a research note to investors on Monday, April 9th. Finally, analysts at William Blair initiated coverage on shares of Ross Stores in a research note to investors on Thursday, March 29th. They set an “outperform” rating on the stock.
Ross Stores, Inc. operates two chains of off-price retail apparel and home accessories stores. As of January 30, 2010, the Company operated a total of 1,005 stores, of which 953 were Ross Dress for Less (Ross) locations in 27 states and Guam and 52 were dd’s DISCOUNTS stores in four states.