BidaskClub Lowers Ross Stores (NASDAQ:ROST) to Strong Sell

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BidaskClub downgraded shares of Ross Stores (NASDAQ:ROST) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other equities analysts have also recently weighed in on ROST. Nomura reduced their price target on Ross Stores from $100.00 to $97.00 and set a neutral rating for the company in a research report on Friday, May 22nd. Citigroup lifted their price target on Ross Stores from $90.00 to $108.00 and gave the company a buy rating in a research report on Friday, May 22nd. Cfra lifted their price target on Ross Stores from $100.00 to $105.00 and gave the company a buy rating in a research report on Friday, May 22nd. TheStreet cut Ross Stores from a b- rating to a c rating in a research report on Thursday, May 21st. Finally, Barclays boosted their target price on Ross Stores from $111.00 to $115.00 and gave the stock an overweight rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. Ross Stores presently has an average rating of Buy and an average target price of $108.85.

Shares of NASDAQ ROST opened at $85.24 on Friday. The stock has a market cap of $30.34 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 4.99 and a beta of 0.81. Ross Stores has a fifty-two week low of $56.30 and a fifty-two 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 stock has a fifty day moving average of $93.08 and a 200-day moving average of $100.81.

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

A number of hedge funds have recently modified their holdings of the business. Fred Alger Management LLC lifted its stake in Ross Stores by 111.1% during the fourth quarter. Fred Alger Management LLC now owns 285 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. TrinityPoint Wealth LLC lifted its stake in Ross Stores by 5.1% during the first quarter. TrinityPoint Wealth LLC now owns 3,304 shares of the apparel retailer’s stock worth $287,000 after purchasing an additional 161 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Ross Stores by 6.1% in the 1st quarter. Signaturefd LLC now owns 2,888 shares of the apparel retailer’s stock valued at $251,000 after acquiring an additional 166 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Ross Stores by 1.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 17,552 shares of the apparel retailer’s stock valued at $1,527,000 after acquiring an additional 188 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Ross Stores by 0.3% in the 1st quarter. HighTower Advisors LLC now owns 58,439 shares of the apparel retailer’s stock valued at $5,057,000 after acquiring an additional 191 shares during the last quarter. 85.14% of the stock is owned by hedge funds and other institutional investors.

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 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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