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Ross Stores’ Target, Estimates Cut at Goldman Sachs (ROST)

Discount apparel and home accessories retailer Ross Stores, Inc. ( ROST ) on Friday saw its price target and earnings estimates cut by analysts at Goldman Sachs.

The firm maintained its "Neutral" rating on ROST, but cut its price target to $60. That new target suggests a 5% downside to the stock's Thursday closing price of $63.45.

Goldman also cut its earnings estimates for the company through 2012, noting ROST is buying back less stock.

Ross Stores shares were mostly flat in premarket trading Friday.

The Bottom Line

Shares of Ross Stores ( ROST ) have a 1.01% dividend yield, based on last night's closing stock price of $63.45. The stock has technical support in the $57-$58 price area. The shares are trading near the all-time high levels of $65-$66 a share.

Ross Stores, Inc. ( ROST ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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