|Bid||63.21 x 100|
|Ask||64.23 x 1400|
|Day's Range||62.67 - 63.94|
|52 Week Range||52.85 - 69.81|
|PE Ratio (TTM)||21.07|
|Dividend & Yield||0.64 (1.05%)|
|1y Target Est||N/A|
Analysts upgrade Ross Stores—off-price segment will be the primary beneficiary B&Ms downfall.
Stocks were down today as technology companies dipped and investors worry about ramped-up rhetoric between North Korea and Donald Trump. Ross was up 3.24 percent closing at $62.86, according to Google Finance (GOOGL). Chase analysts like the discount, treasure hunt retailers where shoppers can get brand name and other apparel at discount prices.
Shares of Ross Stores (ROST) are up 3.1% today after J.P. Morgan upgraded from Market Perform to an Outperform, declaring that Amazon.com (AMZN) can’t compete with off-price retailers like it and rival TJX (TJX). Boss and his team met with management at both retail chains and determined that prices offered by the off-price sector run between 20% and 60% below Amazon and mainstream department stores. Amazon’s foray into apparel resembles a full-price dept. store model much more so than Off-Price based on its pricing structure, fashion focus (Prime Wardrobe), and closure of flash sales website MyHabit in April 2016.