Ross Stores Gets a Hold Rating from Jefferies

By Jason Carr

Jefferies analyst Randal Konik reiterated a Hold rating on Ross Stores (NASDAQ: ROST) today and set a price target of $63. The company’s shares opened today at $60.54.

According to, Konik is a 1-star analyst with an average return of -0.4% and a 46.3% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and Acushnet Holdings.

Currently, the analyst consensus on Ross Stores is Hold and the average price target is $69.80, representing a 15.3% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $70 price target.

Ross Stores’ market cap is currently $23.7B and has a P/E ratio of 22.03. The company has a book value ratio of 8.6240.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ROST in relation to earlier this year. Earlier this month, George Orban, a Director at ROST bought 32,376 shares for a total of $265,159.

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Ross Stores, Inc. engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.