Ross Stores (ROST) Shares Soar 4.96% on Analyst Price Target Hikes

Ross Stores (ROST) shares rose 0.55% intraday, reaching their highest level since January 2025, marking a 0.05% increase for the day and a 4.96% gain over the past two days.

The strategy of buying ROST shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 4.72%, with a maximum drawdown of 23.55% from January 1, 2022, to September 30, 2022, indicating a challenging period. The recovery time was 18 months, reflecting a relatively slow bounce back. Overall, this strategy provided a stable, yet conservative approach, suitable for investors seeking regular returns with a focus on risk management.

Barclays has raised the price target for Ross Stores (ROST) from $150 to $157, maintaining a favorable Overweight rating. This indicates positive sentiment from analysts and could influence investor perception.

Robert W. Baird lowered their target price for Ross Stores from $175.00 to $160.00, suggesting a slight decrease in expected future performance but still maintaining a relatively high target. These changes in target prices by major financial institutions could be significant factors affecting the stock's performance.