Telsey Advisory Group Issues Positive Forecast for Ross Stores (NASDAQ:ROST) Stock Price

Ross Stores (NASDAQ:ROST) had its target price hoisted by Telsey Advisory Group from $175.00 to $220.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. They currently have a market perform rating on the apparel retailer’s stock.

Other analysts have also issued reports about the company. Robert W. Baird set a $200.00 target price on Ross Stores in a report on Wednesday, December 17th. Citigroup increased their price objective on shares of Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. UBS Group raised their target price on shares of Ross Stores from $181.00 to $199.00 and gave the company a “neutral” rating in a report on Tuesday, February 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $205.00 price target on shares of Ross Stores in a report on Monday, December 1st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.78.

Ross Stores Stock Up 0.5%

Shares of ROST opened at $201.53 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Ross Stores has a 12 month low of $122.36 and a 12 month high of $204.85. The firm’s 50 day moving average is $189.68 and its 200-day moving average is $169.26. The stock has a market capitalization of $65.18 billion, a PE ratio of 31.49, a P/E/G ratio of 3.47 and a beta of 0.99.

Hedge Funds Weigh In On Ross Stores

Several institutional investors and hedge funds have recently added to or reduced their stakes in ROST. Aspect Partners LLC increased its holdings in shares of Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after buying an additional 146 shares in the last quarter. American National Bank & Trust acquired a new stake in shares of Ross Stores during the 3rd quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 140 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in Ross Stores in the 4th quarter worth about $26,000. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Ross Stores in the 3rd quarter worth about $29,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Company Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.