Ross Stores Inc. (NASDAQ:ROST) hit a new 52-week high on Friday . The company traded as high as $60.00 and last traded at $59.98, with a volume of 806,726 shares trading hands. The stock had previously closed at $59.22.

A number of equities research analysts recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Cowen and Company reaffirmed a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. Ross Stores presently has an average rating of “Buy” and an average price target of $61.74.

The firm has a market capitalization of $23.93 billion and a P/E ratio of 23.51. The company has a 50 day moving average price of $55.71 and a 200 day moving average price of $55.77.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 19th. The apparel retailer reported $0.73 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.73. The firm had revenue of $3.09 billion for the quarter. During the same quarter last year, the business earned $1.33 earnings per share. Ross Stores’s quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts expect that Ross Stores Inc. will post $2.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, June 7th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, June 3rd. This represents a $0.54 annualized dividend and a dividend yield of 0.91%.

In other news, Chairman Michael Balmuth sold 194,984 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $53.45, for a total transaction of $10,421,894.80. Following the sale, the chairman now directly owns 61,548 shares of the company’s stock, valued at approximately $3,289,740.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George Orban sold 56,000 shares of the company’s stock in a transaction that occurred on Friday, July 8th. The stock was sold at an average price of $57.52, for a total value of $3,221,120.00. Following the sale, the director now directly owns 506,750 shares in the company, valued at $29,148,260. The disclosure for this sale can be found here.

Several hedge funds have recently modified their holdings of ROST. KBC Group NV boosted its stake in shares of Ross Stores by 7.7% in the fourth quarter. KBC Group NV now owns 45,181 shares of the apparel retailer’s stock valued at $2,431,000 after buying an additional 3,232 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of Ross Stores by 82.3% in the fourth quarter. State of Tennessee Treasury Department now owns 317,493 shares of the apparel retailer’s stock valued at $17,085,000 after buying an additional 143,297 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of Ross Stores by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 43,812 shares of the apparel retailer’s stock valued at $2,358,000 after buying an additional 816 shares during the period. Roosevelt Investment Group Inc. boosted its stake in shares of Ross Stores by 7.5% in the fourth quarter. Roosevelt Investment Group Inc. now owns 236,004 shares of the apparel retailer’s stock valued at $12,699,000 after buying an additional 16,415 shares during the period. Finally, Affinity Investment Advisors LLC boosted its stake in shares of Ross Stores by 3.1% in the fourth quarter. Affinity Investment Advisors LLC now owns 108,132 shares of the apparel retailer’s stock valued at $5,819,000 after buying an additional 3,220 shares during the period.

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.

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