Ross Stores Inc. Reaches New 12-Month High at $71.03 (ROST)
Ross Stores (NASDAQ:ROST)’s share price reached a new 52-week high during trading on Monday, Stock Ratings Network reports. The stock traded as high as $71.03 and last traded at $70.97, with a volume of 678,994 shares traded. The stock had previously closed at $70.15.
A number of analysts have recently weighed in on ROST shares. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Ross Stores (NASDAQ:ROST) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $83.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Ross Stores (NASDAQ:ROST) from $69.00 to $73.00 in a research note to investors on Monday, August 26th. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Ross Stores (NASDAQ:ROST) from $67.00 to $72.00 in a research note to investors on Friday, August 23rd. They now have a “neutral” rating on the stock.
Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $72.05.
In other Ross Stores news, Insider Barbara Rentler unloaded 12,194 shares of the company’s stock on the open market in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $70.01, for a total transaction of $853,701.94. Following the completion of the sale, the insider now directly owns 392,973 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Ross Stores has a 52-week low of $52.01 and a 52-week high of $70.86. The stock’s 50-day moving average is $68.0 and its 200-day moving average is $64.28. The company has a market cap of $15.361 billion and a price-to-earnings ratio of 18.23.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.05. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.52 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Analysts expect that Ross Stores will post $3.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Wednesday, September 4th.
Ross Stores, Inc, along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.
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