Shares of Ross Stores Inc. (NASDAQ:ROST) reached a new 52-week high during trading on Thursday . The company traded as high as $62.37 and last traded at $61.80, with a volume of 1,137,456 shares traded. The stock had previously closed at $61.06.

A number of analysts recently commented on the company. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $64.00 price objective on shares of Ross Stores in a research report on Monday, August 1st. Vetr upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Monday, August 1st. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research report on Monday, July 25th. Cowen and Company lifted their price objective on Ross Stores from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 13th. Finally, Jefferies Group reiterated a “hold” rating on shares of Ross Stores in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.10.

The firm has a market cap of $24.76 billion and a P/E ratio of 24.32. The stock’s 50-day moving average price is $58.70 and its 200 day moving average price is $56.59.

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

In other Ross Stores news, Chairman Michael Balmuth sold 194,984 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $53.45, for a total value of $10,421,894.80. Following the transaction, 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 SEC, which is accessible through the SEC website. Also, Director George Orban sold 56,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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.

Other hedge funds and institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC raised its position in shares of Ross Stores by 10.5% in the fourth quarter. BlackRock Advisors LLC now owns 1,397,248 shares of the apparel retailer’s stock valued at $75,185,000 after buying an additional 133,287 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Ross Stores by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,063,422 shares of the apparel retailer’s stock valued at $57,228,000 after buying an additional 38,006 shares during the last quarter. Marshall Wace LLP raised its position in shares of Ross Stores by 813.4% in the fourth quarter. Marshall Wace LLP now owns 383,292 shares of the apparel retailer’s stock valued at $20,625,000 after buying an additional 341,331 shares during the last quarter. State of Tennessee Treasury Department raised its position 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 last quarter. Finally, Bank of Montreal Can raised its position in shares of Ross Stores by 16.5% in the fourth quarter. Bank of Montreal Can now owns 295,009 shares of the apparel retailer’s stock valued at $15,875,000 after buying an additional 41,765 shares during the last quarter.

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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