Ross Stores Inc. (ROST): Today's Featured Services Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Ross Stores ( ROST) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.2%. By the end of trading, Ross Stores fell $0.80 (-1.1%) to $68.76 on average volume. Throughout the day, 1,305,299 shares of Ross Stores exchanged hands as compared to its average daily volume of 1,402,800 shares. The stock ranged in price between $68.68-$69.73 after having opened the day at $69.37 as compared to the previous trading day's close of $69.56. Other companies within the Services sector that declined today were: TOP Ships ( TOPS), down 12.8%, Conn's ( CONN), down 11.9%, Daegis ( DAEG), down 10.3% and Corporate Resource Services ( CRRS), down 7.4%.

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions for the entire family. Ross Stores has a market cap of $15.1 billion and is part of the retail industry. Shares are up 27.7% year to date as of the close of trading on Thursday. Currently there are 12 analysts that rate Ross Stores a buy, no analysts rate it a sell, and 9 rate it a hold.

TheStreet Ratings rates Ross Stores as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Sino-Global Shipping America ( SINO), up 24.9%, China Yida ( CNYD), up 22.1%, Infoblox ( BLOX), up 15.5% and Lentuo International ( LAS), up 13.1% , were all gainers within the services sector with Fidelity National Information Services ( FIS) being today's featured services sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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