Ross Stores’ (ROST) “Market Perform” Rating Reiterated at Telsey Advisory Group

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

Several other analysts have also recently weighed in on ROST. TD Cowen lowered their price objective 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. JPMorgan Chase & Co. increased their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price objective (down from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores Stock Up 1.7 %

ROST stock opened at $138.78 on Monday. The company’s 50 day moving average is $147.16 and its 200 day moving average is $147.84. The stock has a market cap of $45.79 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores has a 1-year low of $127.53 and a 1-year high of $163.60.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Norges Bank bought a new stake in Ross Stores during the 4th quarter valued at approximately $649,318,000. Price T Rowe Associates Inc. MD raised its stake in Ross Stores by 25.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer’s stock valued at $2,952,170,000 after buying an additional 3,995,760 shares during the last quarter. Wealthfront Advisers LLC increased its position in shares of Ross Stores by 8,209.0% during the 4th quarter. Wealthfront Advisers LLC now owns 2,381,201 shares of the apparel retailer’s stock valued at $360,204,000 after purchasing an additional 2,352,543 shares during the last quarter. Madison Investment Advisors LLC bought a new position in Ross Stores in the 4th quarter worth $230,204,000. Finally, Wellington Management Group LLP raised its stake in Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after acquiring an additional 1,507,922 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

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.