Ross Stores (NASDAQ:ROST) Given Market Perform Rating at Telsey Advisory Group

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

ROST has been the subject of several other reports. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Morgan Stanley restated an “equal weight” rating and set a $140.00 price objective (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and issued a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. TD Cowen cut their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. boosted 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 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Performance

Ross Stores stock opened at $135.93 on Monday. Ross Stores has a twelve month low of $127.53 and a twelve month high of $163.60. 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 company has a market capitalization of $44.85 billion, a P/E ratio of 21.41, a PEG ratio of 2.13 and a beta of 1.10. The stock’s 50 day moving average is $147.65 and its 200 day moving average is $147.93.

Institutional Investors Weigh In On Ross Stores

Large investors have recently made changes to their positions in the company. Larson Financial Group LLC lifted 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 purchasing an additional 107 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in Ross Stores during the fourth quarter valued at approximately $31,000. ORG Partners LLC raised its position in Ross Stores by 434.1% in 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 period. Putney Financial Group LLC purchased a new position in shares of Ross Stores during the 4th quarter worth $44,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Ross Stores during the 4th quarter worth $48,000. 86.86% of the stock is currently owned by institutional investors.

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.