Ross Stores, Inc. (NASDAQ:ROST) has been given a consensus recommendation of “Buy” by the twenty-four brokerages that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $73.89.
A number of equities analysts have commented on ROST shares. Royal Bank of Canada set a $62.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Nomura set a $80.00 target price on shares of Ross Stores and gave the stock a “buy” rating in a research note on Friday, November 17th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Finally, Buckingham Research upped their target price on shares of Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, November 17th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in shares of Ross Stores during the fourth quarter valued at approximately $132,000. Sit Investment Associates Inc. boosted its stake in shares of Ross Stores by 255.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock valued at $152,000 after purchasing an additional 1,365 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ross Stores during the fourth quarter valued at approximately $159,000. Financial Gravity Companies Inc. bought a new position in shares of Ross Stores during the fourth quarter valued at approximately $164,000. Finally, Zions Bancorporation boosted its stake in shares of Ross Stores by 338.9% during the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock valued at $137,000 after purchasing an additional 1,637 shares in the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Shares of Ross Stores (NASDAQ ROST) traded down $2.41 during mid-day trading on Tuesday, reaching $77.54. 3,208,262 shares of the company’s stock were exchanged, compared to its average volume of 2,406,007. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The company has a market cap of $30,139.86, a P/E ratio of 24.77, a P/E/G ratio of 2.13 and a beta of 1.07. Ross Stores has a twelve month low of $52.85 and a twelve month high of $85.66.
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Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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