Ross Stores, Inc. (NASDAQ:ROST) ranks among the best consumer discretionary stocks to buy now. JPMorgan raised its price target for Ross Stores, Inc. (NASDAQ:ROST) from $141 to $154 on June 13 while maintaining its Overweight rating on the company's shares. The firm mentioned the possibility of increased traffic and comparable store sales growth after a meeting with the company's executive team.
Ross Stores, Inc. (NASDAQ:ROST) is putting a new marketing and in-store experience strategy into action. The retailer intends to begin early marketing campaigns in July/August and hopes to have refreshed the entirety of its chain of stores by the end of fiscal year 2026, which management believes could lead to same-store sales growth of more than 3-4%.
Ross Stores, Inc. (NASDAQ:ROST) demonstrated sequential comparable sales gains at the end of the first quarter, especially in March and April, according to JPMorgan. Based on the firm's healthy second-quarter guidance of up to 3% growth, the company's historical pattern points to a possible 300 basis point two-year stack acceleration compared to the first quarter.
Ross Stores, Inc. (NASDAQ:ROST) is a discount clothing retailer that runs home fashion stores under the DD's Discount and Ross Dress for Less (Ross) brands. Along with footwear, accessories, and home fashion, the company's outlets offer customers cheap in-season designer and name-brand clothing.
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