Recent activity surrounding Ross Stores, Inc. (ROST) shows an array of transactions and evaluations. Notable investment firms such as Fenimore Asset Management Inc, Crossmark Global Holdings Inc, and Assenagon Asset Management S.A. have trimmed their positions vis-à-vis the retail giant. Nonetheless, others including Merit Financial Group LLC, Sarasin & Partners LLP, and International Assets Investment Management LLC have augmented their ROST stakes.
Despite ROST underperforming the market and being downgraded by Morgan Stanley, the stock remains an interesting prospect for growth investors. Numerous analysts tout Ross Stores as an excellent growth stock for the long term, considering its impressive financial health and promising returns. While Q3 sales fell below expectations, earnings outperformed, leading to an update in the Q4 guidance.
RTS continues its retail expansion endeavors, opening 47 new stores recently and managing to operate 2,192 locations nationwide. The company has also pledged $850,000 towards California Wildfire Relief and made notable changes in their Merchandising Leadership, naming James G. Conroy as CEO. Despite declining stocks, RTS’s fundamentals remain solid, positioning it favorably in the market.
Ross Stores ROST News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 25 Jan 2025 13:28:19 GMT - Rating 5 - Innovation 2 - Information 7 - Rumor 1
