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Wells Fargo gives an Overweight recommendation for Ross Stores, Inc (ROST)

In a filing, Ross Stores, Inc revealed its EXECUTIVE CHAIRMAN BALMUTH MICHAEL unloaded Company’s shares for reported $1.48 million on Apr 02 ’25. In the deal valued at $131.60 per share,11,261 shares were sold. As a result of this transaction, BALMUTH MICHAEL now holds 59,790 shares worth roughly $8.24 million.

Then, Sykes Karen sold 5,036 shares, generating $657,111 in total proceeds. Upon selling the shares at $130.48, the PRESIDENT, CMO DD’S DISCOUNTS now owns 110,365 shares.

Before that, Fleming Karen sold 5,270 shares. Ross Stores, Inc shares valued at $672,979 were divested by the PRES, CMO ROSS DRESS FOR LESS at a price of $127.70 per share. As a result of the transaction, Fleming Karen now holds 93,126 shares, worth roughly $12.84 million.

Wells Fargo upgraded its Ross Stores, Inc [ROST] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early April from “a Neutral” to “a Buy”. Telsey Advisory Group also remained covering ROST and reiterated its “Market perform” recommendation on March 05, 2025. Morgan Stanley revised its rating on January 21, 2025. It rated ROST as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of ROST

On Tuesday, Ross Stores, Inc [NASDAQ:ROST] saw its stock jump 1.77% to $137.89. Over the last five days, the stock has lost -4.02%. Ross Stores, Inc shares have fallen nearly -8.85% since the year began. Nevertheless, the stocks have risen 4.62% over the past one year. While a 52-week high of $163.60 was reached on 01/06/25, a 52-week low of $122.36 was recorded on 03/21/25. SMA at 50 days reached $133.77, while 200 days put it at $144.23.

Levels Of Support And Resistance For ROST Stock

The 24-hour chart illustrates a support level at 136.49, which if violated will result in even more drops to 135.09. On the upside, there is a resistance level at 139.01. A further resistance level may holdings at 140.13. The Relative Strength Index (RSI) on the 14-day chart is 55.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.18%. Stochastics %K at 66.83% indicates the stock is a holding.

How much short interest is there in Ross Stores, Inc?

A steep rise in short interest was recorded in Ross Stores, Inc stocks on 2025-03-31, growing by 0.17 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 5.43 million shares. There was a rise of 3.07%, which implies that there is a positive sentiment for the stock.

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