Ross Stores, Inc. (NASDAQ:ROST) has been given a consensus recommendation of “Buy” by the twenty-five research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $74.00.

Several research analysts have weighed in on ROST shares. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, August 21st. Buckingham Research reiterated a “neutral” rating and set a $71.00 target price on shares of Ross Stores in a report on Thursday, October 19th. Instinet reiterated a “buy” rating and set a $74.00 target price on shares of Ross Stores in a report on Sunday, August 20th. UBS AG reduced their target price on Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 18th. Finally, SunTrust Banks, Inc. set a $80.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th.

In other news, insider Brian R. Morrow sold 6,157 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Balentine LLC raised its holdings in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after acquiring an additional 5 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 61 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after acquiring an additional 1,000 shares in the last quarter. Zions Bancorporation raised its holdings in Ross Stores by 338.9% during the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Welch Group LLC raised its holdings in Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after acquiring an additional 716 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Ross Stores (NASDAQ ROST) traded down $0.98 during mid-day trading on Friday, reaching $71.32. The company’s stock had a trading volume of 1,045,380 shares, compared to its average volume of 2,952,820. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $27,878.31, a price-to-earnings ratio of 23.10, a PEG ratio of 2.20 and a beta of 1.10. Ross Stores has a 52-week low of $52.85 and a 52-week high of $73.94.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. sell-side analysts expect that Ross Stores will post 3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. Ross Stores’s dividend payout ratio (DPR) is 20.45%.

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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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