Jefferies Financial Group set a $86.00 target price on Ross Stores (NASDAQ:ROST) in a report released on Tuesday. The brokerage currently has a hold rating on the apparel retailer’s stock.

A number of other research analysts also recently commented on the stock. Loop Capital boosted their price objective on shares of Ross Stores from $100.00 to $110.00 and gave the company a buy rating in a research report on Wednesday, October 3rd. Goldman Sachs Group started coverage on shares of Ross Stores in a research report on Monday, September 3rd. They set a neutral rating and a $104.00 price objective on the stock. DA Davidson started coverage on shares of Ross Stores in a research report on Tuesday, September 25th. They set a neutral rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Ross Stores from $98.00 to $96.00 and set an overweight rating on the stock in a research report on Friday, August 24th. Finally, Cowen set a $101.00 target price on shares of Ross Stores and gave the company a buy rating in a research note on Monday, July 30th. Twelve analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $97.20.

Shares of ROST opened at $82.64 on Tuesday. Ross Stores has a 52 week low of $70.84 and a 52 week high of $104.35. The company has a market cap of $34.05 billion, a P/E ratio of 24.74, a P/E/G ratio of 2.21 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, equities research analysts predict that Ross Stores will post 4.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, December 6th. Ross Stores’s payout ratio is 26.95%.

In other news, Director Norman A. Ferber sold 10,144 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the completion of the sale, the director now directly owns 25,127 shares in the company, valued at $2,384,552.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Ross Stores by 856.6% in the third quarter. Bessemer Group Inc. now owns 1,014 shares of the apparel retailer’s stock worth $101,000 after buying an additional 908 shares during the last quarter. Capital Bank & Trust Co lifted its stake in shares of Ross Stores by 210.0% in the third quarter. Capital Bank & Trust Co now owns 1,085 shares of the apparel retailer’s stock worth $108,000 after buying an additional 735 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Ross Stores in the third quarter worth $115,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in shares of Ross Stores by 64.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock worth $152,000 after buying an additional 600 shares during the last quarter. Finally, NuWave Investment Management LLC lifted its stake in shares of Ross Stores by 168.7% in the second quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock worth $145,000 after buying an additional 1,068 shares during the last quarter. Institutional investors and hedge funds own 88.44% of the company’s stock.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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