Ross Stores, Inc. (NASDAQ:ROST) Given Consensus Rating of “Moderate Buy” by Analysts

Ross Stores, Inc. (NASDAQ:ROST) has received an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $195.7778.

A number of analysts have weighed in on ROST shares. Evercore increased their target price on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Wells Fargo & Company raised their target price on shares of Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. boosted their price target on Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. UBS Group upped their price objective 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. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th.

Institutional Investors Weigh In On Ross Stores

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Woodline Partners LP raised its stake in Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Ross Stores by 19.3% during the second quarter. Hantz Financial Services Inc. now owns 2,259 shares of the apparel retailer’s stock worth $288,000 after purchasing an additional 365 shares during the period. Assetmark Inc. lifted its holdings in shares of Ross Stores by 58.9% during the second quarter. Assetmark Inc. now owns 3,600 shares of the apparel retailer’s stock worth $459,000 after purchasing an additional 1,335 shares during the period. Finally, Simon Quick Advisors LLC purchased a new stake in Ross Stores in the second quarter valued at approximately $261,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Up 1.1%

Shares of NASDAQ ROST opened at $205.64 on Monday. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $206.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The company has a market cap of $66.51 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.58 and a beta of 0.97. The business’s 50 day moving average price is $190.57 and its 200-day moving average price is $170.20.

About Ross Stores

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.