Ross Stores Rises On Unusually High Volume (ROST)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Ross Stores (Nasdaq: ROST) is trading at unusually high volume Thursday with five million shares changing hands. It is currently at two times its average daily volume and trading up $3.76 (+6.3%) at $64 as of 2:55 p.m. ET.

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Ross Stores has a market cap of $13.12 billion and is part of the services sector and retail industry. Shares are up 10.2% 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 fashion 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 16.9, below 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 impressive record of earnings per share growth, compelling growth in net income, 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. You can view the full Ross Stores Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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