NEW YORK ( TheStreet) -- Ross Stores (Nasdaq: ROST) hit a new 52-week high Thursday as it is currently trading at $59.36, above its previous 52-week high of $59.35 with 657,039 shares traded as of 10:50 a.m. ET. Average volume has been two million shares over the past 30 days. Ross Stores has a market cap of $11.89 billion and is part of the services sector and retail industry. Shares are up 22.8% 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 20.4, above the average retail industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.
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, compelling growth in net income and notable return on equity. 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 52-week high stocks or get investment ideas from our investment research center.