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

Ross Stores (NASDAQ:ROST) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research firms have also weighed in on ROST. TD Cowen dropped their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a report on Monday. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. Evercore ISI boosted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Down 0.5 %

ROST opened at $135.93 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The company’s 50-day moving average is $147.65 and its 200 day moving average is $147.93. The firm has a market capitalization of $44.85 billion, a PE ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. Ross Stores has a fifty-two week low of $127.53 and a fifty-two week high of $163.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROST. Private Advisor Group LLC raised its position in shares of Ross Stores by 20.8% in the third quarter. Private Advisor Group LLC now owns 11,763 shares of the apparel retailer’s stock worth $1,770,000 after buying an additional 2,022 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Ross Stores by 5.7% in the 3rd quarter. Allworth Financial LP now owns 3,802 shares of the apparel retailer’s stock valued at $572,000 after acquiring an additional 206 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Ross Stores by 17.3% in the 3rd quarter. Modera Wealth Management LLC now owns 4,342 shares of the apparel retailer’s stock valued at $654,000 after acquiring an additional 641 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Ross Stores by 12.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 104,770 shares of the apparel retailer’s stock valued at $15,769,000 after acquiring an additional 11,780 shares during the last quarter. Finally, Pallas Capital Advisors LLC grew its holdings in shares of Ross Stores by 30.1% during the third quarter. Pallas Capital Advisors LLC now owns 6,488 shares of the apparel retailer’s stock worth $937,000 after purchasing an additional 1,500 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

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.