Royal Bank Of Canada reaffirmed their hold rating on shares of Ross Stores, Inc. (NASDAQ:ROST) in a report published on Monday morning. The firm currently has a $62.00 price objective on the apparel retailer’s stock.

A number of other research analysts have also commented on the stock. BidaskClub lowered shares of Ross Stores from a sell rating to a strong sell rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Ross Stores from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research note on Wednesday, July 12th. Morgan Stanley reiterated an overweight rating and set a $69.00 price objective on shares of Ross Stores in a research note on Monday, May 22nd. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a hold rating in a research note on Thursday, July 6th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a market perform rating to an outperform rating and set a $70.00 price objective on the stock in a research note on Friday, July 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $69.68.

Shares of Ross Stores (NASDAQ ROST) opened at 60.91 on Monday. The company has a 50 day moving average price of $57.77 and a 200-day moving average price of $60.76. Ross Stores has a 12-month low of $52.85 and a 12-month high of $69.81. The firm has a market cap of $23.49 billion, a PE ratio of 20.12 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. Analysts expect that Ross Stores will post $3.23 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Wednesday, September 6th. Ross Stores’s payout ratio is 21.12%.

In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intl Fcstone Inc. purchased a new position in Ross Stores during the 2nd quarter worth approximately $1,225,000. Gs Investments Inc. purchased a new position in Ross Stores during the 2nd quarter worth approximately $1,819,000. Toronto Dominion Bank grew its position in 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 in the last quarter. Archford Capital Strategies LLC grew its position in 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in 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 in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

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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