Ross Stores Inc. (NASDAQ:ROST) hit 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 trading hands. The stock had previously closed at $61.06.

A number of research analysts have weighed in on the company. Credit Suisse Group AG reissued a “hold” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Cowen and Company reissued a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Jefferies Group reissued a “hold” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Deutsche Bank AG reissued a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. Finally, Bank of America Corp. reissued a “buy” rating on shares of Ross Stores in a research note on Sunday, May 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.10.

The stock has a market capitalization of $25.22 billion and a price-to-earnings ratio of 24.77. The company has a 50-day moving average price of $59.18 and a 200-day moving average price of $56.70.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 19th. The apparel retailer reported $0.73 EPS for the quarter, meeting the consensus estimate of $0.73. During the same quarter in the prior year, the company posted $1.33 EPS. The company had revenue of $3.09 billion for the quarter. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. Analysts anticipate that Ross Stores Inc. will post $2.71 EPS for the current fiscal year.

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

Several large investors have added to or reduced their stakes in the stock. Calvert Investment Management Inc. raised its stake in Ross Stores by 28.4% in the fourth quarter. Calvert Investment Management Inc. now owns 20,073 shares of the apparel retailer’s stock valued at $1,080,000 after buying an additional 4,443 shares during the last quarter. Suntrust Banks Inc. raised its stake in Ross Stores by 30.1% in the fourth quarter. Suntrust Banks Inc. now owns 43,886 shares of the apparel retailer’s stock valued at $2,360,000 after buying an additional 10,158 shares during the last quarter. KBC Group NV raised its stake in 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 last quarter. Affinity Investment Advisors LLC raised its stake in 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 last quarter. Finally, Eaton Vance Management raised its stake in Ross Stores by 16.1% in the fourth quarter. Eaton Vance Management now owns 130,964 shares of the apparel retailer’s stock valued at $7,047,000 after buying an additional 18,205 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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