Ross Stores (NASDAQ:ROST)‘s stock had its “buy” rating reissued by equities researchers at Nomura in a report released on Wednesday, Marketbeat Ratings reports. They presently have a $90.00 price target on the apparel retailer’s stock, up from their prior price target of $80.00. Nomura’s target price suggests a potential upside of 11.29% from the company’s current price.

ROST has been the subject of a number of other research reports. Morgan Stanley increased their price target on shares of Ross Stores from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Telsey Advisory Group increased their price target on shares of Ross Stores from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, November 17th. BidaskClub upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Jefferies Group set a $66.00 price target on shares of Ross Stores and gave the company a “hold” rating in a report on Saturday, November 18th. Finally, Royal Bank of Canada set a $62.00 price target on shares of Ross Stores and gave the company a “hold” rating in a report on Monday, October 30th. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $74.19.

Shares of Ross Stores (NASDAQ:ROST) traded down $2.71 during trading on Wednesday, reaching $80.87. 2,596,500 shares of the company’s stock were exchanged, compared to its average volume of 2,498,300. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. The stock has a market cap of $31,180.00, a P/E ratio of 25.84, a P/E/G ratio of 2.54 and a beta of 1.14. Ross Stores has a 52 week low of $52.85 and a 52 week high of $84.26.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.62 EPS. equities analysts anticipate that Ross Stores will post 3.29 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in ROST. Balentine LLC boosted its stake in shares of Ross Stores by 0.3% during the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of Ross Stores by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares during the last quarter. Zions Bancorporation boosted its stake in shares of Ross Stores by 338.9% during the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 1,637 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in shares of Ross Stores by 255.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Sun Life Financial INC boosted its stake in shares of Ross Stores by 20,314.3% during the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock worth $165,000 after purchasing an additional 2,844 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.

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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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