UBS Maintains Sell Rating for Ross Stores: Here's What You Need To Know

UBS has decided to maintain its Sell rating of Ross Stores ROST and raise its price target from $77.00 to $78.00.

Shares of Ross Stores are trading down 1.7% over the last 24 hours, at $103.59 per share.

A move to $78.00 would account for a 24.7% decrease from the current share price.

About Ross Stores

Ross Stores is a leading American off-price apparel and home fashion retailer, operating over 2,000 stores (at the end of fiscal 2022) under the Ross Dress for Less and dd's Discounts banners. Ross offers a variety of name-brand products and targets undercutting conventional retailers' regular prices by 20%-70%. The company uses an opportunistic, flexible merchandising approach; together with a relatively low-frills shopping environment centered on a treasure-hunt experience, Ross maximizes inventory turnover and traffic, enabling its low-price approach. In fiscal 2022, 26% of sales came from home accents (including bed and bath), 24% from the ladies' department, 15% from menswear, 14% from accessories, 12% from shoes, and 9% from children's. All sales were made in the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.