Ross Stores, Inc. (NASDAQ:ROST) has received an average rating of “Buy” from the twenty-five analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $74.00.
ROST has been the subject of several analyst reports. MKM Partners raised their target price on shares of Ross Stores from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Bank of America Corporation restated a “buy” rating and issued a $80.00 target price on shares of Ross Stores in a report on Sunday, August 20th. Instinet restated a “buy” rating and issued a $74.00 target price on shares of Ross Stores in a report on Sunday, August 20th. Deutsche Bank AG restated a “buy” rating and issued a $75.00 target price on shares of Ross Stores in a report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, August 21st.
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Shares of Ross Stores (NASDAQ ROST) traded up $6.56 during trading hours on Friday, hitting $72.25. 2,543,042 shares of the company’s stock were exchanged, compared to its average volume of 2,500,157. Ross Stores has a 1-year low of $52.85 and a 1-year high of $73.94. The stock has a market cap of $27,859.02, a PE ratio of 23.08, a P/E/G ratio of 2.24 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.14.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.48%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $0.62 EPS. The business’s revenue was up 7.8% on a year-over-year basis. equities research analysts forecast that Ross Stores will post 3.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, November 30th. Ross Stores’s payout ratio is currently 20.45%.
In other news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of ROST. Fox Run Management L.L.C. purchased a new position in shares of Ross Stores in the 2nd quarter worth approximately $202,000. LS Investment Advisors LLC grew its position in Ross Stores by 8.7% during the 2nd quarter. LS Investment Advisors LLC now owns 11,237 shares of the apparel retailer’s stock worth $649,000 after purchasing an additional 897 shares during the last quarter. Louisiana State Employees Retirement System grew its position in Ross Stores by 0.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the apparel retailer’s stock worth $1,403,000 after purchasing an additional 100 shares during the last quarter. Alpha Windward LLC grew its position in Ross Stores by 45.1% during the 2nd quarter. Alpha Windward LLC now owns 4,314 shares of the apparel retailer’s stock worth $249,000 after purchasing an additional 1,340 shares during the last quarter. Finally, US Bancorp DE grew its position in Ross Stores by 11.4% during the 2nd quarter. US Bancorp DE now owns 151,423 shares of the apparel retailer’s stock worth $8,741,000 after purchasing an additional 15,545 shares during the last quarter. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
About Ross Stores
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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