2. As of noon trading, Ross Stores ( ROST) is down $2.95 (-4.9%) to $56.75 on heavy volume Thus far, 3.0 million shares of Ross Stores exchanged hands as compared to its average daily volume of 2.3 million shares. The stock has ranged in price between $56.31-$59.61 after having opened the day at $59.61 as compared to the previous trading day's close of $59.70.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Ross Stores has a market cap of $13.2 billion and is part of the services sector. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7. Shares are up 9.7% year to date as of the close of trading on Wednesday. Currently there are 11 analysts that rate Ross Stores a buy, no analysts rate it a sell, and 10 rate it a hold.

TheStreet Ratings rates Ross Stores as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. Get the full Ross Stores Ratings Report now.

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