Ross Stores, Inc. (ROST) Given Consensus Rating of “Buy” by Brokerages
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.
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