Ross Stores PT Lowered to $78.00 (ROST)
Investment analysts at Deutsche Bank decreased their price target on shares of Ross Stores (NASDAQ:ROST) from $81.00 to $78.00 in a note issued to investors on Friday. Deutsche Bank’s price target would suggest a potential upside of 14.54% from the stock’s previous close.
Shares of Ross Stores (NASDAQ:ROST) opened at 68.10 on Friday. Ross Stores has a one year low of $62.65 and a one year 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 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue 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. Shareholders 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 Goldman Sachs cut their price target on shares of Ross Stores from $86.00 to $84.00 in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target 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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