Morgan Stanley (NYSE:MS) analyst Kimberly Greenberger maintained a Buy rating on Ross Stores (NASDAQ:ROST) on Monday, setting a price target of $121, which is approximately 11.02% above the present share price of $108.99.
Greenberger expects Ross Stores to post earnings per share (EPS) of $0.06 for the fourth quarter of 2020.
The current consensus among 14 TipRanks analysts is for a Strong Buy rating of shares in Ross Stores, with an average price target of $125.5.
The analysts price targets range from a high of $134 to a low of $110.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $2.68 billion and a net profit of $85.1 million. The company's market cap is $38.8 billion.
According to TipRanks.com, Morgan Stanley analyst Kimberly Greenberger is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 65.74% success rate.
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.