Brokerages Set Ross Stores, Inc. (NASDAQ:ROST) PT at $102.78

Shares of Ross Stores, Inc. (NASDAQ:ROSTGet Rating) have been given an average rating of “Moderate Buy” by the twenty-four ratings firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $114.30.

A number of research firms have recently commented on ROST. Deutsche Bank Aktiengesellschaft lifted their price objective on Ross Stores from $99.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, November 18th. StockNews.com began coverage on Ross Stores in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Cowen lifted their price objective on Ross Stores to $103.00 in a research note on Monday. Gordon Haskett upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Friday, November 18th. Finally, Loop Capital boosted their price target on Ross Stores from $80.00 to $85.00 in a research note on Friday, August 19th.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $116.03 on Friday. Ross Stores has a fifty-two week low of $69.24 and a fifty-two week high of $117.29. The business has a 50-day moving average of $91.29 and a two-hundred day moving average of $85.88. The stock has a market capitalization of $40.27 billion, a P/E ratio of 28.16, a P/E/G ratio of 2.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.95 and a quick ratio of 1.23.

Ross Stores (NASDAQ:ROSTGet Rating) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.37 billion. Ross Stores had a return on equity of 34.95% and a net margin of 7.74%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities research analysts predict that Ross Stores will post 4.3 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Tuesday, December 6th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. Ross Stores’s dividend payout ratio is currently 30.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. CVA Family Office LLC boosted its holdings in shares of Ross Stores by 38.3% in the 3rd quarter. CVA Family Office LLC now owns 650 shares of the apparel retailer’s stock worth $55,000 after acquiring an additional 180 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Ross Stores by 4.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 9,762 shares of the apparel retailer’s stock worth $824,000 after acquiring an additional 428 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Ross Stores in the 3rd quarter worth approximately $15,344,000. Industrial Alliance Investment Management Inc. boosted its holdings in shares of Ross Stores by 2.7% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 28,041 shares of the apparel retailer’s stock worth $2,363,000 after acquiring an additional 732 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Ross Stores by 4.5% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,540 shares of the apparel retailer’s stock worth $1,057,000 after acquiring an additional 535 shares in the last quarter. 87.65% of the stock is owned by institutional investors and hedge funds.

Ross Stores Company Profile

(Get Rating)

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. Its stores primarily offer 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 for households with moderate income.

Further Reading

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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