BidaskClub lowered shares of Ross Stores (NASDAQ:ROST) from a sell rating to a strong sell rating in a report published on Saturday, BidAskClub reports.

A number of other research analysts have also weighed in on ROST. TheStreet lowered Ross Stores from a b- rating to a c rating in a research report on Thursday, May 21st. Loop Capital cut their price objective on Ross Stores from $120.00 to $105.00 and set a buy rating for the company in a research report on Friday, May 22nd. Cfra raised their price objective on Ross Stores from $100.00 to $105.00 and gave the company a buy rating in a research report on Friday, May 22nd. Bank of America restated a buy rating and set a $110.00 price objective (up previously from $105.00) on shares of Ross Stores in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Ross Stores from $94.00 to $100.00 and gave the company an overweight rating in a research report on Friday, May 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Ross Stores currently has a consensus rating of Buy and a consensus target price of $108.85.

Shares of ROST stock opened at $85.24 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 1.75, a quick ratio of 1.08 and a current ratio of 1.75. The firm has a market capitalization of $30.34 billion, a PE ratio of 33.04, a PEG ratio of 4.99 and a beta of 0.81. The stock has a fifty day simple moving average of $93.08 and a two-hundred day simple moving average of $100.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.86). Ross Stores had a return on equity of 35.71% and a net margin of 6.63%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the company posted $1.15 EPS. The company’s quarterly revenue was down 51.4% on a year-over-year basis. On average, sell-side analysts forecast that Ross Stores will post 1.68 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hayden Royal LLC lifted its stake in Ross Stores by 70.4% in the first quarter. Hayden Royal LLC now owns 5,605 shares of the apparel retailer’s stock worth $487,000 after purchasing an additional 2,316 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Ross Stores by 91.4% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 305,977 shares of the apparel retailer’s stock valued at $26,611,000 after acquiring an additional 146,087 shares in the last quarter. Running Oak Capital LLC raised its stake in shares of Ross Stores by 3.3% during the first quarter. Running Oak Capital LLC now owns 48,056 shares of the apparel retailer’s stock valued at $4,179,000 after acquiring an additional 1,541 shares in the last quarter. Optimal Asset Management Inc. raised its stake in shares of Ross Stores by 43.9% during the first quarter. Optimal Asset Management Inc. now owns 8,516 shares of the apparel retailer’s stock valued at $741,000 after acquiring an additional 2,600 shares in the last quarter. Finally, National Pension Service raised its stake in shares of Ross Stores by 1.9% during the first quarter. National Pension Service now owns 524,986 shares of the apparel retailer’s stock valued at $45,658,000 after acquiring an additional 9,775 shares in the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.

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 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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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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