Ross Stores (NASDAQ:ROST) had its price target lifted by Telsey Advisory Group from $98.00 to $105.00 in a research note released on Friday, MarketBeat Ratings reports. Telsey Advisory Group currently has an outperform rating on the apparel retailer’s stock.

ROST has been the subject of a number of other reports. BidaskClub raised shares of Ross Stores from a buy rating to a strong-buy rating in a research report on Thursday, August 2nd. Loop Capital lifted their price target on shares of Ross Stores from $88.00 to $95.00 and gave the company a buy rating in a research report on Wednesday, June 27th. Deutsche Bank lifted their price target on shares of Ross Stores from $91.00 to $96.00 and gave the company a buy rating in a research report on Monday, August 20th. Guggenheim reissued a buy rating and set a $85.00 price target on shares of Ross Stores in a research report on Thursday, May 24th. Finally, Wells Fargo & Co lifted their price target on shares of Ross Stores from $86.00 to $105.00 and gave the company a buy rating in a research report on Thursday. Nine analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Ross Stores currently has an average rating of Buy and a consensus target price of $93.39.

Shares of NASDAQ ROST opened at $95.09 on Friday. Ross Stores has a 1 year low of $57.87 and a 1 year high of $97.85. The stock has a market cap of $35.17 billion, a P/E ratio of 28.47, a price-to-earnings-growth ratio of 2.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.64 and a quick ratio of 0.74.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.03. Ross Stores had a net margin of 10.13% and a return on equity of 46.48%. The company had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.66 billion. During the same period last year, the company posted $0.82 EPS. Ross Stores’s revenue was up 8.9% on a year-over-year basis. research analysts forecast that Ross Stores will post 4.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a $0.225 dividend. The ex-dividend date is Wednesday, September 12th. This represents a $0.90 annualized dividend and a yield of 0.95%. Ross Stores’s dividend payout ratio (DPR) is presently 26.95%.

In other Ross Stores news, Chairman Michael Balmuth sold 33,999 shares of Ross Stores stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $79.10, for a total value of $2,689,320.90. Following the completion of the transaction, the chairman now directly owns 78,342 shares of the company’s stock, valued at $6,196,852.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barbara Rentler sold 25,000 shares of Ross Stores stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $85.45, for a total transaction of $2,136,250.00. Following the completion of the transaction, the chief executive officer now directly owns 475,736 shares of the company’s stock, valued at $40,651,641.20. The disclosure for this sale can be found here. Insiders sold 236,268 shares of company stock valued at $20,170,488 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lucia Wealth Services LLC purchased a new position in shares of Ross Stores during the first quarter valued at approximately $112,000. Well Done LLC purchased a new position in shares of Ross Stores during the first quarter valued at approximately $113,000. NuWave Investment Management LLC raised its holdings in shares of Ross Stores by 168.7% during the second quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 1,068 shares during the last quarter. Ballew Advisors Inc purchased a new position in shares of Ross Stores during the first quarter valued at approximately $134,000. Finally, SRS Capital Advisors Inc. raised its holdings in shares of Ross Stores by 81.5% during the second quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock valued at $158,000 after purchasing an additional 842 shares during the last quarter. 86.99% of the stock is owned by hedge funds and other 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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