Investors Buy Shares of Ross Stores (ROST) on Weakness
Investors bought shares of Ross Stores, Inc. (NASDAQ:ROST) on weakness during trading hours on Monday. $54.32 million flowed into the stock on the tick-up and $35.27 million flowed out of the stock on the tick-down, for a money net flow of $19.05 million into the stock. Of all stocks tracked, Ross Stores had the 25th highest net in-flow for the day. Ross Stores traded down ($0.44) for the day and closed at $77.98
A number of analysts have commented on ROST shares. Cowen set a $78.00 price target on shares of Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 18th. Nomura set a $80.00 price target on shares of Ross Stores and gave the stock a “buy” rating in a research report on Friday, November 17th. SunTrust Banks set a $80.00 price target on shares of Ross Stores and gave the stock a “buy” rating in a research report on Friday, November 17th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. Finally, BidaskClub upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Ross Stores presently has a consensus rating of “Buy” and an average price target of $73.95.
The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $29,800.00, a price-to-earnings ratio of 24.91, a P/E/G ratio of 2.09 and a beta of 1.09.
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Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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