Recent Investment Analysts’ Ratings Changes for Ross Stores (ROST)

Several analysts have recently updated their ratings and price targets for Ross Stores (NASDAQ: ROST):

  • 11/29/2018 – Ross Stores was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/23/2018 – Ross Stores was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/23/2018 – Ross Stores had its price target lowered by analysts at Morgan Stanley from $99.00 to $94.00. They now have an “overweight” rating on the stock.
  • 11/23/2018 – Ross Stores was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/22/2018 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores lagged the industry in the last three months owing to headwinds related to higher freight costs and wage investments that have been hurting margins for a while. Notably, these headwinds weighed upon the company’s operating margin and led to higher cost of goods sold and SG&A expenses, in third-quarter fiscal 2018. The company expects freight and wage investment-related constraints to continue impacting operating margins throughout fiscal 2018. However, the company boasts a robust earnings surprise trend. Notably, the company delivered its 10th consecutive earnings beat in fiscal third quarter. Earnings gained from ongoing success in delivering broad assortments of compelling bargains to value-focused customers. Moreover, its commitment to better price management, merchandise initiatives, cost containment and store expansions bode well. Additionally, the company raised earnings outlook for fourth quarter and fiscal 2018.”
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at Credit Suisse Group AG from $100.00 to $95.00. They now have an “outperform” rating on the stock.
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at Telsey Advisory Group from $105.00 to $95.00. They now have an “outperform” rating on the stock.
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at Citigroup Inc from $98.00 to $88.00. They now have a “neutral” rating on the stock.
  • 11/21/2018 – Ross Stores was given a new $99.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at MKM Partners from $98.00 to $95.00. They now have a “buy” rating on the stock.
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at Nomura from $101.00 to $95.00. They now have a “buy” rating on the stock.
  • 11/21/2018 – Ross Stores had its price target lowered by analysts at DA Davidson to $84.00. They now have an “average” rating on the stock.
  • 11/20/2018 – Ross Stores was given a new $86.00 price target on by analysts at Jefferies Financial Group Inc. They now have a “hold” rating on the stock.
  • 11/20/2018 – Ross Stores had its “buy” rating reaffirmed by analysts at Wells Fargo & Co.
  • 11/20/2018 – Ross Stores was given a new $110.00 price target on by analysts at Cowen Inc. They now have a “buy” rating on the stock.
  • 11/20/2018 – Ross Stores was given a new $100.00 price target on by analysts at Loop Capital. They now have a “buy” rating on the stock.
  • 11/16/2018 – Ross Stores was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 11/15/2018 – Ross Stores had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $113.00 price target on the stock. According to Zacks, “Ross Stores surpassed the industry in the past year given positive record of earnings and sales surprises in the trailing nine quarters. In second-quarter fiscal 2018, both the top and bottom lines beat estimates and improved year over year. Earnings gained from ongoing success in delivering broad assortments of compelling bargains to value-focused customers. Moreover, the company’s commitment toward better price management, merchandise initiatives, cost containment and store expansion plan bodes well. Based on the first-half results and the second-half view, the company raised earnings outlook for fiscal 2018. However, Ross Stores continues to grapple with higher freight costs and wage-related investments, which is hurting operating margins lately. The company expects these headwinds along with slight deleverage in occupancy and other expenses to result in soft operating margin for the fiscal third quarter.”
  • 11/14/2018 – Ross Stores had its price target raised by analysts at Bank of America Corp from $105.00 to $115.00. They now have a “buy” rating on the stock.
  • 11/2/2018 – Ross Stores was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/24/2018 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Ross Stores underperformed the industry year to date. Further, the company continues to grapple with higher freight costs and wage-related investments, which is hurting operating margins lately. In fact, higher freight costs have been a headwind for the company for over a year now. The increase mainly stemmed from significant rise in market rates due to a very tight capacity, due to driver shortages, impacts of increased regulation and the stronger economy. Management expects these headwinds along with slight deleverage in occupancy and other expenses to result in soft operating margin for the fiscal third quarter. Additionally, intense competition and other macroeconomic hurdles are concerns. However, it has a positive record of earnings and sales surprises in the trailing nine quarters, including second-quarter fiscal 2018. Based on the first-half results and the second-half view, the company raised earnings outlook for fiscal 2018.”
  • 10/12/2018 – Ross Stores was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

NASDAQ:ROST traded down $3.18 during trading hours on Friday, hitting $78.40. 178,902 shares of the company traded hands, compared to its average volume of 4,040,287. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. Ross Stores, Inc. has a one year low of $73.76 and a one year high of $104.35. The stock has a market cap of $30.53 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The business’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.72 EPS. On average, sell-side analysts forecast that Ross Stores, Inc. will post 4.19 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Thursday, December 6th. Ross Stores’s dividend payout ratio is currently 26.95%.

In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of Ross Stores stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley grew its holdings in shares of Ross Stores by 69.0% during the third quarter. Morgan Stanley now owns 2,201,584 shares of the apparel retailer’s stock worth $218,178,000 after purchasing an additional 898,614 shares in the last quarter. Legal & General Group Plc boosted its stake in Ross Stores by 0.5% in the third quarter. Legal & General Group Plc now owns 1,921,724 shares of the apparel retailer’s stock worth $190,464,000 after buying an additional 9,526 shares in the last quarter. Kepos Capital LP boosted its stake in Ross Stores by 9.8% in the third quarter. Kepos Capital LP now owns 59,952 shares of the apparel retailer’s stock worth $5,941,000 after buying an additional 5,332 shares in the last quarter. Standard Life Aberdeen plc boosted its stake in Ross Stores by 21.1% in the third quarter. Standard Life Aberdeen plc now owns 395,696 shares of the apparel retailer’s stock worth $39,220,000 after buying an additional 69,063 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Ross Stores in the third quarter worth approximately $1,340,000. 87.90% of the stock is owned by institutional investors.

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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