Ross Stores (NASDAQ:ROST)‘s stock had its “buy” rating reiterated by Wells Fargo & Co in a report released on Tuesday.

Other analysts have also issued research reports about the stock. SunTrust Banks increased their price target on shares of Ross Stores to $103.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Nomura increased their price target on shares of Ross Stores from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Loop Capital increased their price target on shares of Ross Stores to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Deutsche Bank increased their price target on shares of Ross Stores from $91.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, August 20th. Finally, Cowen set a $101.00 price target on shares of Ross Stores and gave the stock a “buy” rating in a research report on Monday, July 30th. Twelve analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Ross Stores has an average rating of “Buy” and an average target price of $97.16.

NASDAQ ROST opened at $82.64 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $34.05 billion, a P/E ratio of 24.74, a PEG ratio of 2.21 and a beta of 0.98. Ross Stores has a 1 year low of $70.84 and a 1 year high of $104.35.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.55 billion. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Equities analysts expect that Ross Stores will post 4.13 EPS for the current year.

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

Hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Ross Stores by 856.6% during the third quarter. Bessemer Group Inc. now owns 1,014 shares of the apparel retailer’s stock valued at $101,000 after acquiring an additional 908 shares during the last quarter. Capital Bank & Trust Co raised its stake in shares of Ross Stores by 210.0% during the third quarter. Capital Bank & Trust Co now owns 1,085 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 735 shares during the last quarter. TRUE Private Wealth Advisors bought a new position in shares of Ross Stores during the third quarter valued at $115,000. NuWave Investment Management LLC raised its stake in shares of Ross Stores by 168.7% during the second quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after acquiring an additional 1,068 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. raised its stake in shares of Ross Stores by 64.5% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock valued at $152,000 after acquiring an additional 600 shares during the last quarter. 88.44% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Company Profile

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.

Further Reading: How mutual funds make money

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.