Ross Stores (NASDAQ:ROST) has been assigned a $99.00 target price by research analysts at Barclays in a note issued to investors on Wednesday. The brokerage presently has a “hold” rating on the apparel retailer’s stock. Barclays’ price target would suggest a potential upside of 21.28% from the stock’s current price.

Other analysts have also recently issued reports about the company. DA Davidson cut their price objective on Ross Stores to $84.00 and set an “average” rating for the company in a research report on Wednesday. Cowen set a $101.00 price objective on Ross Stores and gave the company a “buy” rating in a research report on Monday, July 30th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ross Stores in a research report on Wednesday, July 25th. Deutsche Bank raised their price objective on Ross Stores from $91.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, August 20th. Finally, SunTrust Banks raised their price objective on Ross Stores to $103.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $96.12.

ROST opened at $81.63 on Wednesday. Ross Stores has a 12-month low of $70.84 and a 12-month high of $104.35. The company has a market capitalization of $30.85 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 1.96 and a beta of 0.98. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 48.59% and a net margin of 10.68%. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the firm posted $0.72 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Ross Stores will post 4.21 earnings per share for the current fiscal year.

In other Ross Stores news, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now owns 25,127 shares in the company, valued at approximately $2,384,552.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $95.15, for a total value of $1,903,000.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of ROST. Capital International Investors increased its stake in Ross Stores by 471.2% during the 3rd quarter. Capital International Investors now owns 4,324,179 shares of the apparel retailer’s stock worth $428,526,000 after acquiring an additional 3,567,179 shares during the period. JPMorgan Chase & Co. increased its stake in Ross Stores by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,907,770 shares of the apparel retailer’s stock worth $1,378,259,000 after acquiring an additional 3,512,781 shares during the period. AQR Capital Management LLC increased its stake in Ross Stores by 74.9% during the 3rd quarter. AQR Capital Management LLC now owns 4,965,542 shares of the apparel retailer’s stock worth $492,085,000 after acquiring an additional 2,126,303 shares during the period. Voya Investment Management LLC increased its stake in Ross Stores by 379.2% during the 2nd quarter. Voya Investment Management LLC now owns 1,769,749 shares of the apparel retailer’s stock worth $149,986,000 after acquiring an additional 1,400,405 shares during the period. Finally, Scopus Asset Management L.P. bought a new position in Ross Stores during the 3rd quarter worth $92,166,000. Hedge funds and other institutional investors 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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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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