Ross Stores Shares Rally 0.88% to 2025 High

Ross Stores (ROST) shares rose 0.88% intraday, reaching their highest level since January 2025, marking the fourth consecutive day of gains and a 6.75% increase over the past four days.

The strategy of buying ROST shares after they reached a recent high and holding for one week resulted in a 37.23% return over the past five years, compared to a benchmark return of 86.98%, with a Sharpe ratio of 0.21 and a maximum drawdown of -46.64%. The strategy's CAGR was 6.56%, and the volatility was 30.80%.

Ross Stores is anticipated to see revenue growth but a decline in earnings for the first quarter of fiscal 2025. This mixed financial outlook could sway investor sentiment and impact the stock price.

Analysts have shown a generally positive outlook on Ross Stores. Barclays increased its price target for the company from $150.00 to $157.00, while Gordon Haskett set a price target of $180.00. The average analyst rating is overweight, with a mean price target of $159.11. These adjustments reflect confidence in the company's long-term prospects despite short-term earnings challenges.