Ross Stores, Inc. (NASDAQ:ROST)‘s stock had its “hold” rating reissued by Jefferies Group LLC in a research note issued on Tuesday. They presently have a $63.00 price target on the apparel retailer’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 2.57% from the company’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets set a $65.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a report on Friday, May 19th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Wolfe Research cut their price target on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a report on Friday, August 18th. Royal Bank Of Canada set a $70.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a report on Monday, May 15th. Finally, Telsey Advisory Group cut their price target on shares of Ross Stores from $77.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Ross Stores has an average rating of “Buy” and an average price target of $69.84.

Ross Stores (NASDAQ ROST) opened at 61.41 on Tuesday. The firm’s 50 day moving average price is $56.87 and its 200 day moving average price is $61.01. The stock has a market cap of $23.52 billion, a price-to-earnings ratio of 20.28 and a beta of 1.09. Ross Stores has a 12 month low of $52.85 and a 12 month high of $69.81.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 EPS. On average, equities research analysts predict that Ross Stores will post $3.23 EPS for the current fiscal year.

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In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Intl Fcstone Inc. purchased a new stake in shares of Ross Stores during the 2nd quarter worth $1,225,000. Gs Investments Inc. purchased a new stake in shares of Ross Stores during the 2nd quarter worth $1,819,000. Toronto Dominion Bank lifted its position in shares of Ross Stores by 24.1% during the 2nd quarter. Toronto Dominion Bank now owns 135,821 shares of the apparel retailer’s stock worth $7,840,000 after purchasing an additional 26,412 shares during the last quarter. Archford Capital Strategies LLC lifted its position in shares of Ross Stores by 220.4% during the 2nd quarter. Archford Capital Strategies LLC now owns 26,580 shares of the apparel retailer’s stock worth $222,000 after purchasing an additional 18,285 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Ross Stores by 229.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 24,053 shares of the apparel retailer’s stock worth $1,389,000 after purchasing an additional 16,744 shares during the last quarter. 89.62% of the stock is owned by institutional investors.

Ross Stores Company Profile

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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