MKM Partners Boosts Price Target on Ross Stores (ROST)
Analysts at MKM Partners upped their price target on shares of Ross Stores (NASDAQ: ROST) from $63.00 to $68.00 in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock.
ROST has been the subject of a number of other recent research reports. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Ross Stores in a research note to investors on Monday, April 9th. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of Ross Stores from $61.00 to $65.00 in a research note to investors on Monday, April 9th. They now have an “outperform” rating on the stock. 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 traded up 0.21% on Friday, hitting $62.571. 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 $14.174 billion and a price-to-earnings ratio of 21.83.
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.