As previously reported, Gordon Haskett analyst Chuck Grom initiated coverage of Ross Stores with an Accumulate rating and $132 price target. On the space more broadly, Grom anticipates that the market share shift from both department stores and retailers closing doors to the Off-Price Retail (OPR) vertical will very likely continue over the next few years. In terms of Ross specifically, he notes that the company has delivered the most consistent comp performance in the group over the past few years and the company has the best growth outlook in the Off-Price space going forward.