Ross Stores (NASDAQ:ROST) Receives Market Perform Rating from Telsey Advisory Group

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

ROST has been the topic of a number of other reports. TD Cowen dropped their target price on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Wells Fargo & Company reiterated an “equal weight” rating and set 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 dropped their target price for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Up 1.7 %

NASDAQ ROST opened at $138.78 on Monday. Ross Stores has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a fifty day moving average of $147.16 and a two-hundred day moving average of $147.84. The firm has a market capitalization of $45.79 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.13 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Hedge Funds Weigh In On Ross Stores

A number of hedge funds have recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Ross Stores in the fourth quarter valued at about $31,000. ORG Partners LLC lifted its holdings in shares of Ross Stores by 434.1% in the 4th 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 purchased a new position in shares of Ross Stores during the fourth quarter worth $44,000. Finally, Cary Street Partners Financial LLC purchased a new position in Ross Stores during the 4th quarter valued at about $48,000. Institutional investors and hedge funds 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.