Ross Stores (NASDAQ:ROST) had its price target increased by stock analysts at Loop Capital from $110.00 to $130.00 in a research note issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Loop Capital’s price objective would suggest a potential upside of 13.04% from the stock’s current price.
A number of other research firms have also commented on ROST. Morgan Stanley raised their price objective on Ross Stores from $107.00 to $111.00 and gave the stock an “overweight” rating in a research note on Friday, November 13th. BidaskClub raised Ross Stores from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ross Stores from $119.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday. Gordon Haskett raised shares of Ross Stores from an “accumulate” rating to a “buy” rating and set a $126.00 target price on the stock in a report on Thursday, November 12th. Finally, ValuEngine upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, November 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have assigned a buy rating to the company. Ross Stores currently has a consensus rating of “Buy” and an average target price of $112.04.
NASDAQ:ROST opened at $115.00 on Friday. Ross Stores has a 52 week low of $56.30 and a 52 week high of $124.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.70. The firm’s 50-day simple moving average is $96.58 and its 200 day simple moving average is $92.24. The firm has a market cap of $39.23 billion, a price-to-earnings ratio of 73.47, a P/E/G ratio of 7.17 and a beta of 0.72.
A number of hedge funds and other institutional investors have recently bought and sold shares of ROST. Kathmere Capital Management LLC acquired a new position in Ross Stores during the 3rd quarter worth about $280,000. Advisor Partners LLC raised its position in shares of Ross Stores by 8.5% during the third quarter. Advisor Partners LLC now owns 7,994 shares of the apparel retailer’s stock worth $746,000 after acquiring an additional 629 shares during the last quarter. Tenzing Global Management LLC lifted its stake in shares of Ross Stores by 21.9% in the third quarter. Tenzing Global Management LLC now owns 97,500 shares of the apparel retailer’s stock worth $9,099,000 after acquiring an additional 17,500 shares during the period. Worldquant Millennium Advisors LLC bought a new stake in Ross Stores in the third quarter valued at approximately $8,926,000. Finally, Levin Capital Strategies L.P. acquired a new stake in Ross Stores during the 3rd quarter valued at approximately $373,000. Institutional investors and hedge funds own 84.67% 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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