Ross Stores, Inc. (ROST) Receives Average Recommendation of “Hold” from Analysts
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.
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