Ross Stores, Inc. (ROST) is being recognized as one of the finest retail stocks to buy currently. However, there seems to be a bearish move as the stock experiences a -1.67% shift. Notably, various firms like Teca Partners LP, Bridgewater Associates LP, Osterweis Capital Management Inc, and Jump Financial LLC have recently elevated their positions in Ross Stores stock. On the other side, entities like Main Street Financial Solutions LLC, Scotia Capital Inc, and Bank of Montreal Can reduced their stake. In fiscal year 2024, Ross Stores reported record earnings per share of $6.32, but warned of potential sales decline ahead. Its share prices surged by 14% over the past month while analysts set a target price at $161.67. Despite this, Wall Street analysts remain optimistic. The past while has seen Ross Stores deploying a growth strategy by inaugurating 19 new locations across 14 states. However, the company projected annual sales and profit below estimates due to weaker demand. Even so, analysts and brokers suggest investing in Ross Stores, highlighting strong quarterly performance.
Ross Stores ROST News Analytics from Thu, 22 Aug 2024 07:00:00 GMT to Sat, 19 Apr 2025 19:27:44 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor -4
