Ross Stores Receives a Hold from UBS

By George MacDonald

UBS analyst Roxanne Meyer reiterated a Hold rating on Ross Stores (NASDAQ: ROST) today and set a price target of $99. The company’s shares opened today at $104.73.

Currently, the analyst consensus on Ross Stores is Moderate Buy and the average price target is $106.25, representing a 1.5% upside. In a report issued on February 25, MKM Partners also downgraded the stock to Hold with a $97 price target.

Based on Ross Stores` latest earnings report from October 31, the company posted quarterly revenue of $2.6B and quarterly net profit of $192.7M. In comparison, last year the company earned revenue of $2.74B and had a net profit of $218M.

According to TipRanks, Meyer is a 4-star analyst with an average return of 12.0% and a 75.9% success rate. Meyer covers the Services sector, focusing on stocks such as Abercrombie Fitch, Urban Outfitters, and American Eagle.

Ross Stores Inc is the off-price apparel and home fashion chain in the United States. It It operate two brands of off-price retail apparel and home fashion stores namely Ross Dress for Less(r ) and dds DISCOUNTS(r).