Ross Stores (ROST) Receives a Buy from Bank of America Securities

Bank of America Securities analyst Lorraine Hutchinson maintained a Buy rating on Ross Stores today and set a price target of $240.00.

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According to TipRanks, Hutchinson is a 3-star analyst with an average return of 1.3% and a 50.00% success rate. Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as TJX Companies, Burlington Stores, and Lululemon Athletica.

In addition to Bank of America Securities, Ross Stores also received a Buy from Telsey Advisory’s Dana Telsey in a report issued yesterday. However, on March 24, UBS 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 $6.64 billion and a net profit of $645.87 million. In comparison, last year the company earned a revenue of $5.91 billion and had a net profit of $586.78 million

Based on the recent corporate insider activity of 55 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. Earlier this month, Karen Fleming, the PRES, CMO ROSS DRESS FOR LESS of ROST sold 7,000.00 shares for a total of $1,489,250.00.