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Ross Stores (ROST) Receives a Buy from Guggenheim

Tipranks - Thu Mar 5, 7:03AM CST

In a report released yesterday, Simeon Siegel from Guggenheim reiterated a Buy rating on Ross Stores, with a price target of $226.00. The company’s shares closed yesterday at $197.64.

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According to TipRanks, Siegel is a 4-star analyst with an average return of 3.8% and a 51.30% success rate. Siegel covers the Consumer Cyclical sector, focusing on stocks such as Nike, Amazon, and Ross Stores.

Currently, the analyst consensus on Ross Stores is a Strong Buy with an average price target of $225.42, which is a 14.06% upside from current levels. In a report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $226.00 price target.

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

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