Shares of Ross Stores, Inc. (NASDAQ:ROST) have been given an average recommendation of “Hold” by the twenty-seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $69.70.

A number of research analysts have recently issued reports on ROST shares. Royal Bank Of Canada set a $70.00 price target on Ross Stores and gave the company a “hold” rating in a report on Monday, May 15th. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group upgraded Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. BMO Capital Markets set a $65.00 price target on Ross Stores and gave the company a “hold” rating in a report on Thursday, July 6th. Finally, BidaskClub upgraded Ross Stores from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.

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Shares of Ross Stores (NASDAQ ROST) traded up 1.39% during trading on Friday, reaching $55.56. 2,593,760 shares of the company traded hands. The stock has a market capitalization of $21.62 billion, a PE ratio of 19.03 and a beta of 1.10. Ross Stores has a 12 month low of $52.91 and a 12 month high of $69.81. The company has a 50-day moving average of $55.48 and a 200-day moving average of $62.55.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 46.60% and a net margin of 9.71%. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the business posted $0.73 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Analysts forecast that Ross Stores will post $3.16 earnings per share for the current fiscal year.

In other news, Director Sharon D. Garrett sold 16,130 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the transaction, the director now owns 4,967 shares of the company’s stock, valued at approximately $314,063.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America boosted its position in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after buying an additional 776 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares during the last quarter. Parallel Advisors LLC boosted its position in Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in Ross Stores during the first quarter worth $112,000. 91.37% of the stock is owned by institutional investors.

Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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