Ross Stores Surges to 272nd in Trading Volume with $374 Million Turnover

Generated by AI AgentAinvest Market Brief
Wednesday, May 14, 2025 7:42 pm ET1min read

On May 14, 2025,

(ROST) saw a significant increase in trading volume, with a turnover of $374 million, marking a 51.05% rise from the previous day. This surge placed Ross Stores at the 272nd position in terms of trading volume for the day. The stock price of Ross Stores rose by 0.89%, marking the third consecutive day of gains, with a total increase of 5.89% over the past three days.

Analysts have recently adjusted their price targets for Ross Stores. Barclays increased its target price from $150.00 to $157.00, reflecting a bullish outlook on the company's future performance. Additionally, the average 12-month price target among analysts stands at $154.40, with a high estimate reaching $175.00. This indicates a strong consensus among analysts regarding the stock's potential for growth.

Several analysts have provided price targets for Ross Stores over the past six months, with a median target of $155.00. This consistent upward revision in price targets suggests that analysts are optimistic about the company's prospects. Argus also raised its target price to $149.00, further supporting the positive sentiment surrounding Ross Stores.

Despite the positive analyst sentiment, Morgan Stanley reduced its target price for Ross Stores from $130.00 to $128.00 and maintained an "equal weight" rating. This adjustment comes as analysts forecast more upside for the stock, although Ross Stores shares have underperformed the industry in the past six months.

CFRA analyst Zachary Warring expressed a preference for Ross Stores over TJX, citing favorable valuations. The off-price retail category is expected to benefit from various market dynamics, further supporting the positive outlook for Ross Stores.

Comments



Add a public comment...
No comments

No comments yet