Ross Stores Given New $84.00 Price Target at Goldman Sachs (ROST)
Investment analysts at Goldman Sachs dropped their price target on shares of Ross Stores (NASDAQ:ROST) from $86.00 to $84.00 in a note issued to investors on Friday. Goldman Sachs’ target price indicates a potential upside of 23.35% from the company’s current price.
Shares of Ross Stores (NASDAQ:ROST) opened at 68.10 on Friday. Ross Stores has a 52 week low of $62.65 and a 52 week high of $81.99. The stock has a 50-day moving average of $69.26 and a 200-day moving average of $71.87. The company has a market cap of $14.503 billion and a P/E ratio of 17.55.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $1.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.15. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts predict that Ross Stores will post $4.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, June 6th.
A number of other analysts have also recently weighed in on ROST. Analysts at Zacks reiterated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, April 16th. They now have a $73.00 price target on the stock. Separately, analysts at RBC Capital upgraded shares of Ross Stores from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 24th. They now have a $81.00 price target on the stock, up previously from $79.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ross Stores from $80.00 to $78.00 in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $76.25.
Ross Stores, Inc is an off-price apparel and home fashion chain in the United States, with 1,091 locations in 33 states, the District of Columbia and Guam.
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