In a report released yesterday, Matthew Boss from J.P. Morgan maintained a Buy rating on Ross Stores, with a price target of $265.00. The company’s shares closed yesterday at $234.81.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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According to TipRanks, Boss is a 4-star analyst with an average return of 6.2% and a 52.55% success rate. Boss covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, Five Below, and United Parks & Resorts.
In addition to J.P. Morgan, Ross Stores also received a Buy from Truist Financial’s Joseph Civello in a report issued yesterday. However, on the same day, UBS maintained a Hold rating on Ross Stores (NASDAQ: ROST).
Based on Ross Stores’ latest earnings release for the quarter ending May 2, the company reported a quarterly revenue of $6.01 billion and a net profit of $649.96 million. In comparison, last year the company earned a revenue of $4.98 billion and had a net profit of $479.25 million
