Ross Stores, Inc. (NASDAQ:ROST) has earned an average recommendation of “Buy” from the twenty-two research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $70.29.

A number of brokerages have recently issued reports on ROST. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Thursday, September 14th. J P Morgan Chase & Co upgraded Ross Stores from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $74.00 in a report on Monday, September 25th. Bank of America Corporation restated a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a report on Monday, September 25th. Royal Bank Of Canada restated a “hold” rating and set a $62.00 price objective on shares of Ross Stores in a report on Monday, September 18th. Finally, BidaskClub cut Ross Stores from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th.

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In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. lifted its stake in Ross Stores by 72.9% during the third quarter. Eqis Capital Management Inc. now owns 53,927 shares of the apparel retailer’s stock worth $3,482,000 after purchasing an additional 22,742 shares during the last quarter. Intl Fcstone Inc. bought a new stake in Ross Stores during the second quarter worth $1,225,000. Gs Investments Inc. bought a new stake in Ross Stores during the second quarter worth $1,819,000. Toronto Dominion Bank lifted its stake in Ross Stores by 24.1% during the second quarter. Toronto Dominion Bank now owns 135,821 shares of the apparel retailer’s stock worth $7,840,000 after purchasing an additional 26,412 shares during the last quarter. Finally, Archford Capital Strategies LLC increased its holdings in shares of Ross Stores by 220.4% during the second quarter. Archford Capital Strategies LLC now owns 26,580 shares of the apparel retailer’s stock worth $222,000 after buying an additional 18,285 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Shares of Ross Stores (NASDAQ:ROST) traded up 0.46% during mid-day trading on Friday, hitting $65.53. The company’s stock had a trading volume of 2,227,168 shares. The company has a 50-day moving average of $60.37 and a 200 day moving average of $60.52. The company has a market cap of $25.27 billion, a price-to-earnings ratio of 21.64 and a beta of 1.14. Ross Stores has a 1-year low of $52.85 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Ross Stores will post $3.23 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, September 6th. Ross Stores’s payout ratio is presently 21.12%.

About Ross Stores

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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