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

StockNews.com lowered shares of Ross Stores (NASDAQ:ROST) from a buy rating to a hold rating in a report issued on Tuesday morning.

A number of other brokerages also recently commented on ROST. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and decreased their target price for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. TD Cowen decreased their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 target price (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a report on Monday. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Up 0.4 %

NASDAQ:ROST opened at $136.45 on Tuesday. The company has a market capitalization of $45.02 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. Ross Stores has a one year low of $127.53 and a one year high of $163.60. The stock has a 50-day simple moving average of $147.36 and a 200 day simple moving average of $147.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

Institutional Investors Weigh In On Ross Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Ross Stores in the fourth quarter valued at $31,000. ORG Partners LLC increased its holdings in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares in the last quarter. Putney Financial Group LLC bought a new position in shares of Ross Stores in the fourth quarter valued at $44,000. Finally, Cary Street Partners Financial LLC bought a new position in shares of Ross Stores in the fourth quarter valued at $48,000. Institutional investors 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.