Ross Stores Inc (ROST) Stock AnalysisROSTStock AnalysisRoss Stores Inc

Ross Stores, Inc. is engaged in operating two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dds DISCOUNTS. Ross is the off-price apparel and home fashion chain in the United States, with approximately 1,904 locations in 44 states, the District of Columbia, Guam, and Puerto Rico. Ross offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle-income households. It also operates approximately 363 dds DISCOUNTS stores in 22 states. dds DISCOUNTS features more moderately priced in- season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. It operates a total of approximately 2,186 stores. It operates in the Consumer Cyclicals sector (RETAIL-FAMILY CLOTHING STORES industry).

Ross Stores Inc is a good buy right now due to its strong sales growth of 13% year-over-year, with net income increasing to $851 million, which is a significant rise from $508 million last year. Additionally, the stock is currently priced at $228.55, while analysts have set a price target as high as $310, suggesting a potential upside of over 35%. The main risk to consider is the current RSI of 27.997, indicating the stock may be oversold, which could lead to short-term volatility.

25 analysts cover ROST: 17 rate it Buy, 8 Hold and 0 Sell. The average price target is 198.93.