Ross Stores (ROST) has emerged as a news focal point in the investor landscape. The company has recently reported its
First Quarter earnings, with sales experiencing year-over-year progress. However, the retail titan has retracted its full-year outlook due to tariff-related uncertainty, delivering a knock to the stock. Numerous asset management firms have been adjusting their positions in Ross Stores.
Sarasin & Partners and
Fenimore Asset Management both reportedly reduced their shares in ROST, while companies like
Azzad Asset Management and
Merit Financial Group have increased their stakes. Projections for ROST's shares value have been shuffled, with
JP Morgan raising the price target to $154, while
Morgan Stanley and
Wells Fargo lowered their price objective. Despite tariff impacts and withdrawn guidance, there seems to be solid investor confidence, with some suggesting to buy ROST shares on this dip. Furthermore, ROST showed growth with the opening of new locations and
CFO succession planning was announced, solidifying future leadership.
Ross Stores ROST News Analytics from Thu, 21 Nov 2024 08:00:00 GMT to Sat, 14 Jun 2025 10:55:03 GMT -
Rating 0
- Innovation 0
- Information 8
- Rumor -6
