Telsey Advisory Group Reaffirms “Market Perform” Rating for Ross Stores (NASDAQ:ROST)

Telsey Advisory Group reiterated their market perform rating on shares of Ross Stores (NASDAQ:ROST) in a research note published on Monday morning,Benzinga reports. They currently have a $175.00 target price on the apparel retailer’s stock.

Other analysts have also recently issued reports about the stock. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. Morgan Stanley reissued an “equal weight” rating and set a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Finally, Evercore ISI lifted their target price on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Eight equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Trading Down 0.5 %

Ross Stores stock opened at $135.93 on Monday. Ross Stores has a 12-month low of $127.53 and a 12-month high of $163.60. The firm has a market capitalization of $44.85 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. The firm has a 50 day moving average of $147.65 and a 200 day moving average of $147.93. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On Ross Stores

Hedge funds have recently bought and sold shares of the business. Larson Financial Group LLC grew its stake in shares of Ross Stores by 152.9% in the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after buying an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Ross Stores in the fourth quarter worth about $31,000. ORG Partners LLC increased its stake in Ross Stores by 434.1% during the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 191 shares during the last quarter. Putney Financial Group LLC bought a new stake in Ross Stores during the fourth quarter worth approximately $44,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

About Ross Stores

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.