Ross Stores, Inc. (NASDAQ:ROST)‘s stock had its “buy” rating restated by stock analysts at Instinet in a note issued to investors on Sunday. They presently have a $74.00 target price on the apparel retailer’s stock. Instinet’s price objective suggests a potential upside of 25.38% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, July 12th. MKM Partners boosted their target price on shares of Ross Stores from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Thursday, July 6th. Royal Bank Of Canada set a $67.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Monday, June 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $63.00 target price on shares of Ross Stores in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.11.

Ross Stores (NASDAQ ROST) traded up 10.67% during mid-day trading on Friday, hitting $59.02. 14,140,321 shares of the stock traded hands. Ross Stores has a 12 month low of $52.85 and a 12 month high of $69.81. The company’s 50 day moving average is $55.18 and its 200 day moving average is $62.10. The company has a market cap of $22.61 billion, a P/E ratio of 19.49 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 43.40%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts expect that Ross Stores will post $3.17 earnings per share for the current fiscal year.

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In other news, Director Sharon D. Garrett sold 16,130 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $63.23, for a total value of $1,019,899.90. Following the transaction, the director now directly owns 4,967 shares in the company, valued at $314,063.41. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ross Stores by 1.9% in the second quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock worth $2,086,753,000 after buying an additional 686,186 shares during the last quarter. BlackRock Inc. boosted its position in Ross Stores by 1,908.5% in the first quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer’s stock worth $1,742,545,000 after buying an additional 25,137,186 shares during the last quarter. State Street Corp boosted its position in Ross Stores by 1.0% in the first quarter. State Street Corp now owns 17,886,365 shares of the apparel retailer’s stock worth $1,178,183,000 after buying an additional 173,336 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Ross Stores by 1.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,295,824 shares of the apparel retailer’s stock worth $612,317,000 after buying an additional 146,423 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Ross Stores by 5.3% in the second quarter. Principal Financial Group Inc. now owns 6,482,963 shares of the apparel retailer’s stock worth $374,261,000 after buying an additional 327,310 shares during the last quarter. Hedge funds and other institutional investors own 90.20% 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.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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