Ross Stores (NASDAQ:ROST) Stock Rating Lowered by TheStreet

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TheStreet cut shares of Ross Stores (NASDAQ:ROST) from a b- rating to a c rating in a research note released on Thursday, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the company. Cfra raised their price objective on Ross Stores from $100.00 to $105.00 and gave the company a buy rating in a research note on Friday. Citigroup lifted their price target on shares of Ross Stores from $90.00 to $108.00 and gave the stock a buy rating in a research note on Friday. Goldman Sachs Group raised shares of Ross Stores from a sell rating to a buy rating and cut their price target for the company from $110.00 to $93.00 in a report on Wednesday, March 25th. Loop Capital decreased their price objective on shares of Ross Stores from $120.00 to $105.00 and set a buy rating for the company in a report on Friday. Finally, Barclays upped their target price on shares of Ross Stores from $111.00 to $115.00 and gave the company an overweight rating in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $108.54.

NASDAQ ROST opened at $93.88 on Thursday. The company’s fifty day simple moving average is $87.44 and its 200-day simple moving average is $104.45. The stock has a market cap of $34.43 billion, a P/E ratio of 36.39, a PEG ratio of 3.79 and a beta of 0.80. Ross Stores has a 52 week low of $56.30 and a 52 week high of $124.16. The company has a current ratio of 1.27, a quick ratio of 0.59 and a debt-to-equity ratio of 0.87.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.86). The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $2.04 billion. Ross Stores had a return on equity of 34.38% and a net margin of 6.63%. The business’s quarterly revenue was down 51.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.15 EPS. On average, research analysts expect that Ross Stores will post 2.55 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Ross Stores during the fourth quarter worth about $420,147,000. Vontobel Asset Management Inc. acquired a new position in shares of Ross Stores in the 1st quarter worth approximately $186,885,000. APG Asset Management N.V. raised its holdings in shares of Ross Stores by 1,000.4% in the 1st quarter. APG Asset Management N.V. now owns 1,208,360 shares of the apparel retailer’s stock worth $100,190,000 after purchasing an additional 1,098,551 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its holdings in Ross Stores by 27.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,383,326 shares of the apparel retailer’s stock worth $510,307,000 after buying an additional 940,447 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Ross Stores by 45.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,129,928 shares of the apparel retailer’s stock worth $185,240,000 after buying an additional 663,971 shares during the last quarter. Institutional investors and hedge funds own 86.38% 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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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