Shares of Ross Stores, Inc. (NASDAQ:ROST) have received an average recommendation of “Buy” from the thirty-one brokerages that are presently covering the company, Marketbeat reports. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $95.58.

A number of analysts recently weighed in on ROST shares. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “sell” rating in a research report on Wednesday, October 24th. BidaskClub lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Bank of America increased their price objective on shares of Ross Stores from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Loop Capital set a $100.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Finally, Jefferies Financial Group set a $86.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a research report on Tuesday, November 20th.

Shares of NASDAQ:ROST traded up $0.88 during trading on Tuesday, reaching $95.01. The company’s stock had a trading volume of 43,074 shares, compared to its average volume of 2,378,954. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. Ross Stores has a 12 month low of $73.76 and a 12 month high of $104.35. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 2.08 and a beta of 0.91.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a net margin of 10.68% and a return on equity of 48.34%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Ross Stores will post 4.2 EPS for the current year.

Several large investors have recently modified their holdings of the company. BerganKDV Wealth Management LLC boosted its stake in Ross Stores by 3.0% in the fourth quarter. BerganKDV Wealth Management LLC now owns 4,259 shares of the apparel retailer’s stock valued at $354,000 after acquiring an additional 126 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Ross Stores by 1.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,278 shares of the apparel retailer’s stock valued at $1,022,000 after acquiring an additional 145 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Ross Stores by 21.4% in the fourth quarter. Quadrant Capital Group LLC now owns 997 shares of the apparel retailer’s stock valued at $73,000 after acquiring an additional 176 shares in the last quarter. Ballentine Partners LLC boosted its stake in Ross Stores by 3.1% in the fourth quarter. Ballentine Partners LLC now owns 6,051 shares of the apparel retailer’s stock valued at $503,000 after acquiring an additional 184 shares in the last quarter. Finally, Cozad Asset Management Inc. boosted its stake in Ross Stores by 4.0% in the fourth quarter. Cozad Asset Management Inc. now owns 4,880 shares of the apparel retailer’s stock valued at $406,000 after acquiring an additional 187 shares in the last quarter. 92.27% of the stock is currently owned by institutional investors and hedge funds.

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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