NEW YORK (

TheStreet

) --

Ross Stores

(Nasdaq:

ROST

) hit a new 52-week high Thursday as it is currently trading at $89.04, above its previous 52-week high of $88.71 with 931,807 shares traded as of 3:26 p.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Ross Stores has a market cap of $10.1 billion and is part of the

services

sector and

retail

industry. Shares are up 35.9% year to date as of the close of trading on Wednesday.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home accessories stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. The company has a P/E ratio of 17, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ross Stores as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Ross Stores Ratings Report

.

See all

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