Several asset management companies have adjusted their stakes in retail corporation Ross Stores (NASDAQ:ROST). Wealth Enhancement Advisory Services, Intact Investment Management and Janney Montgomery Scott have notably reduced their shares. The stock has been sliding recently due to tariff pressures and the pullback of guidance. Ross Stores also faces challenges due to an extended stock decline, despite exceeding Q1 expectations. While a few firms have boosted their positions like Canoe Financial and Aurora Private Wealth, numerous others have sold off a portion of their holdings such as Coho Partners Ltd and Institute for Wealth Management LLC. Earnings reports have played a significant role in the recent stock fluctuations, where recent Q1 reports noted simultaneous growth and challenges. Although torn, several investors and analysts remain bullish on Ross Stores, citing it as a counter-cyclical stock with potential for rebound. Notably, JP Morgan has raised the price target for Ross Stores. However, tariff impact and a shift in lower-income customer preferences might slow down growth.
Ross Stores ROST News Analytics from Thu, 21 Nov 2024 08:00:00 GMT to Sat, 28 Jun 2025 07:50:46 GMT -
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