Ross Stores (NASDAQ:ROST) is achieving significant gains in the market, reaching a new 1-year high at $152.66 and earning an upgraded stock rating from StockNews.com. The
Swiss National Bank holds $147.96 million in Ross Stores, with the company's market returns exceeding some investor's expectations. Meanwhile, Ross Stores has received a $159.06 average price target from analysts, an indication of significant future success. The corporation has had significant share purchases from entities such as
Norden Group LLC,
SG Americas Securities LLC, and
Private Advisor Group LLC. Literal drops in the stock have been noted though, not indicative of the overall market gains. Despite this, there's great belief in Ross Stores as a top growth stock for the long-term. Ross Stores'
Q1 earnings and sales beat estimates, contributing to its rise. Its innovative merchandising strategies have positioned the company for future growth. The company's Q1 2024 earnings and revenue also beat expectations. Finally, Ross Stores opened new stores in line with their expansion plans, further solidifying a strong position in the retail market.
Ross Stores ROST News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 18:21:20 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 3
