Ross Stores (ROST) have seen fluctuating performance due to macroeconomic concerns and varying market performance. Key figures like Adage Capital Partners GP L.L.C. and Zacks Investment Management have reduced their shareholdings. A concerning note is that Goldman Sachs revised down their price target for the stock. On the other hand, the stock has seen periods of growth with the fourth quarter and fiscal year 2024 yielding encouraging results. As a possibly counter-cyclical option, Ross Stores presents itself as a potential buy. Despite certain stock reductions, companies like Sompo Asset Management and Bridgewater Associates have increased their holdings. Wells Fargo upgraded Ross Stores to 'Overweight', further suggesting return potential on the stock. Ross Stores faces concerns over anticipated sales growth and a shift in lower-income customer preferences but is also reporting new location developments. Future prospects remain potentially positive, with Q4 earnings surpassing estimates, increased dividends, and new store expansions.
Ross Stores ROST News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 26 Apr 2025 13:12:15 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -5
