Shares of Ross Stores, Inc. (NASDAQ:ROST) have received an average rating of “Buy” from the thirty-one brokerages that are currently covering the firm, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $95.26.

A number of research analysts have commented on the stock. Cowen set a $110.00 price target on shares of Ross Stores and gave the company a “buy” rating in a research report on Tuesday, November 20th. Nomura reduced their price target on shares of Ross Stores from $101.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, November 21st. BidaskClub cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, Loop Capital set a $100.00 price target on shares of Ross Stores and gave the company a “buy” rating in a research report on Tuesday, November 20th.

Shares of ROST stock traded up $0.72 during trading on Tuesday, hitting $94.01. The company had a trading volume of 2,342,623 shares, compared to its average volume of 2,333,760. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.12 and a beta of 0.91. Ross Stores has a 52 week low of $73.76 and a 52 week high of $104.35.

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 Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ross Stores had a net margin of 10.68% and a return on equity of 48.34%. Ross Stores’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, sell-side analysts forecast that Ross Stores will post 4.2 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in ROST. BerganKDV Wealth Management LLC raised its holdings 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 worth $354,000 after purchasing an additional 126 shares in the last quarter. Kaizen Advisory LLC raised its holdings in Ross Stores by 14.5% in the fourth quarter. Kaizen Advisory LLC now owns 1,049 shares of the apparel retailer’s stock worth $87,000 after purchasing an additional 133 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings 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 worth $1,022,000 after purchasing an additional 145 shares in the last quarter. Advisory Services Network LLC raised its holdings in Ross Stores by 2.4% in the fourth quarter. Advisory Services Network LLC now owns 6,594 shares of the apparel retailer’s stock worth $548,000 after purchasing an additional 153 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Ross Stores by 21.4% in the fourth quarter. Quadrant Capital Group LLC now owns 997 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 176 shares in the last quarter. 92.27% of the stock is owned by 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.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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