Shares of Ross Stores, Inc. (NASDAQ:ROST) have been given a consensus recommendation of “Buy” by the thirty analysts that are covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $95.57.
ROST has been the subject of several analyst reports. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Citigroup upped their target price on Ross Stores from $83.00 to $89.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Cowen set a $101.00 target price on Ross Stores and gave the company a “buy” rating in a report on Monday, July 30th. BidaskClub downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 12th. Finally, Nomura upped their target price on Ross Stores from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 24th.
In related news, Director Norman A. Ferber sold 10,144 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now directly owns 25,127 shares of the company’s stock, valued at $2,384,552.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of ROST. Dimensional Fund Advisors LP raised its position in Ross Stores by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,155,374 shares of the apparel retailer’s stock valued at $90,096,000 after buying an additional 7,768 shares during the period. Baird Financial Group Inc. increased its position in Ross Stores by 15.7% in the 1st quarter. Baird Financial Group Inc. now owns 73,311 shares of the apparel retailer’s stock worth $5,717,000 after purchasing an additional 9,954 shares during the last quarter. RMB Capital Management LLC acquired a new position in Ross Stores in the 1st quarter worth about $295,000. Blair William & Co. IL increased its position in Ross Stores by 47.5% in the 1st quarter. Blair William & Co. IL now owns 11,907 shares of the apparel retailer’s stock worth $929,000 after purchasing an additional 3,836 shares during the last quarter. Finally, Natixis increased its position in Ross Stores by 21.5% in the 1st quarter. Natixis now owns 53,729 shares of the apparel retailer’s stock worth $4,190,000 after purchasing an additional 9,504 shares during the last quarter. 88.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ross Stores stock opened at $95.87 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $37.00 billion, a PE ratio of 28.70, a PEG ratio of 2.41 and a beta of 1.09. Ross Stores has a fifty-two week low of $62.34 and a fifty-two week high of $100.58.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.66 billion. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Equities analysts anticipate that Ross Stores will post 4.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Thursday, September 13th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, September 12th. Ross Stores’s payout ratio is 26.95%.
About Ross Stores
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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