Ross Stores (NASDAQ:ROST) Downgraded to “Hold” Rating by StockNews.com

Ross Stores (NASDAQ:ROST) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities analysts have also recently weighed in on ROST. Evercore ISI raised their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Guggenheim reissued a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price target (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Trading Down 0.5 %

NASDAQ ROST opened at $135.93 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $147.65 and its two-hundred day simple moving average is $147.93. Ross Stores has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a market capitalization of $44.85 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.13 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ROST. Ascent Group LLC lifted its holdings in Ross Stores by 9.1% in the 4th quarter. Ascent Group LLC now owns 9,987 shares of the apparel retailer’s stock worth $1,511,000 after buying an additional 832 shares during the period. Putney Financial Group LLC bought a new position in shares of Ross Stores during the fourth quarter valued at approximately $44,000. Aurdan Capital Management LLC purchased a new stake in Ross Stores in the fourth quarter worth $8,516,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Ross Stores by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,892,289 shares of the apparel retailer’s stock valued at $286,247,000 after acquiring an additional 17,813 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in Ross Stores by 22.2% during the 4th quarter. Mackenzie Financial Corp now owns 57,321 shares of the apparel retailer’s stock valued at $8,671,000 after purchasing an additional 10,410 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Company Profile

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. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.