Ross Stores (NASDAQ:ROST) Price Target Lowered to $160.00 at Robert W. Baird

Ross Stores (NASDAQ:ROST) had its price objective dropped by stock analysts at Robert W. Baird from $175.00 to $160.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price objective would suggest a potential upside of 17.67% from the company’s current price.

Several other equities analysts have also weighed in on ROST. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research report on Monday, February 24th. Finally, TD Cowen lowered their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.41.

Ross Stores Stock Down 0.6 %

Ross Stores stock opened at $135.97 on Wednesday. Ross Stores has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The firm’s 50-day simple moving average is $146.27 and its 200 day simple moving average is $147.70. The stock has a market cap of $44.86 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Research analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.

Institutional Trading of Ross Stores

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in shares of Ross Stores in the fourth quarter worth approximately $649,318,000. Price T Rowe Associates Inc. MD grew its stake in Ross Stores by 25.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer’s stock worth $2,952,170,000 after buying an additional 3,995,760 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of Ross Stores by 8,209.0% in the 4th quarter. Wealthfront Advisers LLC now owns 2,381,201 shares of the apparel retailer’s stock worth $360,204,000 after buying an additional 2,352,543 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of Ross Stores during the 4th quarter valued at $230,204,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after acquiring an additional 1,507,922 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Company Profile

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.