Ross Stores, Inc. (NASDAQ:ROST) Receives $169.06 Average Price Target from Brokerages

Shares of Ross Stores, Inc. (NASDAQ:ROST) have received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $169.06.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. TD Cowen dropped their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $140.00 target price (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Sovran Advisors LLC acquired a new position in shares of Ross Stores during the fourth quarter valued at $269,000. Oak Ridge Investments LLC boosted its holdings in shares of Ross Stores by 10.6% during the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock valued at $17,524,000 after acquiring an additional 11,060 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Ross Stores by 137.7% during the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after acquiring an additional 1,144,774 shares during the period. Czech National Bank boosted its holdings in shares of Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock valued at $10,881,000 after acquiring an additional 3,981 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ross Stores by 10.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,822 shares of the apparel retailer’s stock valued at $6,780,000 after acquiring an additional 4,334 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Up 1.7 %

Ross Stores stock opened at $138.78 on Thursday. The stock’s fifty day moving average is $147.16 and its two-hundred day moving average is $147.84. Ross Stores has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The firm has a market capitalization of $45.79 billion, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.