Ross Stores Target of Unusually High Options Trading (NASDAQ:ROST)

Posted by Defense World Staff on Feb 25th, 2023

Ross Stores, Inc. (NASDAQ:ROST – Get Rating) was the recipient of some unusual options trading on Friday. Investors acquired 10,614 call options on the stock. This is an increase of 147% compared to the average daily volume of 4,304 call options.

Analyst Ratings Changes

Several brokerages have weighed in on ROST. BMO Capital Markets lifted their price objective on Ross Stores from $95.00 to $113.00 in a report on Friday, November 18th. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $112.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, November 18th. Cowen lifted their price objective on Ross Stores to $103.00 in a report on Monday, November 21st. Credit Suisse Group lifted their price objective on Ross Stores from $99.00 to $123.00 and gave the company an “outperform” rating in a report on Friday, November 18th. Finally, UBS Group lifted their price target on Ross Stores from $92.00 to $108.00 and gave the company a “neutral” rating in a research note on Friday, November 18th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.72.

Institutional Investors Weigh In On Ross Stores

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its position in shares of Ross Stores by 1.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 47,934 shares of the apparel retailer’s stock valued at $3,366,000 after buying an additional 759 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Ross Stores by 120.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,109 shares of the apparel retailer’s stock valued at $2,032,000 after buying an additional 13,196 shares during the last quarter. NewEdge Wealth LLC bought a new stake in shares of Ross Stores in the 2nd quarter valued at about $516,000. Main Street Financial Solutions LLC grew its position in shares of Ross Stores by 16.1% in the 3rd quarter. Main Street Financial Solutions LLC now owns 9,836 shares of the apparel retailer’s stock valued at $844,000 after buying an additional 1,367 shares during the last quarter. Finally, Ronald Blue Trust Inc. bought a new stake in shares of Ross Stores in the 2nd quarter valued at about $81,000. Institutional investors own 89.07% of the company’s stock.

Ross Stores Trading Down 0.0 %

Shares of ROST stock opened at $111.46 on Friday. The firm has a market capitalization of $38.38 billion, a P/E ratio of 27.05, a P/E/G ratio of 2.17 and a beta of 0.98. Ross Stores has a twelve month low of $69.24 and a twelve month high of $122.44. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $116.54 and its 200 day simple moving average is $102.68.

About Ross Stores

(Get Rating)

Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.