Ross Stores, Inc. (NASDAQ:ROST)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a research report issued on Tuesday.

A number of other equities analysts also recently weighed in on the stock. Jefferies Group LLC set a $63.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Thursday, April 6th. Royal Bank of Canada set a $70.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Monday, April 3rd. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Northcoast Research reaffirmed a “neutral” rating on shares of Ross Stores in a research note on Wednesday, March 1st. Finally, Instinet boosted their target price on shares of Ross Stores from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the company’s stock. Ross Stores has a consensus rating of “Hold” and a consensus price target of $69.61.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Ross Stores (NASDAQ:ROST) traded up 0.27% during mid-day trading on Tuesday, reaching $63.45. 1,578,099 shares of the company traded hands. The firm has a market cap of $24.87 billion, a PE ratio of 22.42 and a beta of 0.94. Ross Stores has a one year low of $52.00 and a one year high of $69.81. The stock’s 50-day moving average price is $65.90 and its 200-day moving average price is $65.93.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Tuesday, February 28th. The apparel retailer reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The firm earned $3.51 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same period last year, the firm posted $0.66 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that Ross Stores will post $3.15 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 10th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 8th. This represents a $0.64 dividend on an annualized basis and a yield of 1.01%. This is a boost from Ross Stores’s previous quarterly dividend of $0.14. Ross Stores’s payout ratio is currently 19.85%.

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In related news, CEO Barbara Rentler sold 50,481 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $66.10, for a total transaction of $3,336,794.10. Following the completion of the transaction, the chief executive officer now owns 546,604 shares in the company, valued at $36,130,524.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian R. Morrow sold 3,004 shares of the business’s stock in a transaction that occurred on Friday, April 7th. The shares were sold at an average price of $63.16, for a total transaction of $189,732.64. Following the transaction, the insider now owns 121,712 shares of the company’s stock, valued at approximately $7,687,329.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 192,294 shares of company stock valued at $12,793,360. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in shares of Ross Stores by 19.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,761,511 shares of the apparel retailer’s stock worth $1,463,565,000 after buying an additional 3,702,651 shares in the last quarter. State Street Corp boosted its position in shares of Ross Stores by 3.6% in the fourth quarter. State Street Corp now owns 17,713,029 shares of the apparel retailer’s stock worth $1,161,970,000 after buying an additional 607,341 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Ross Stores by 2.6% in the third quarter. Principal Financial Group Inc. now owns 6,262,968 shares of the apparel retailer’s stock worth $402,708,000 after buying an additional 159,131 shares in the last quarter. Pioneer Investment Management Inc. boosted its position in shares of Ross Stores by 1.4% in the third quarter. Pioneer Investment Management Inc. now owns 3,648,843 shares of the apparel retailer’s stock worth $234,620,000 after buying an additional 50,872 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Ross Stores during the fourth quarter worth about $227,009,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.

About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

5 Day Chart for NASDAQ:ROST

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