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Ross Stores (NASDAQ:ROST) announced a quarterly dividend on Wednesday, August 20th, Analyst Ratings Network reports. Shareholders of record on Friday, September 5th will be paid a dividend of 0.20 per share on Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.14%.

Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $68.00 price target on the stock, down previously from $81.00. On a related note, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ross Stores in a research note on Friday, May 23rd. They now have a $76.00 price target on the stock, down previously from $78.00. Finally, analysts at Morgan Stanley cut their price target on shares of Ross Stores to $81.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $76.56.

Ross Stores (NASDAQ:ROST) traded up 0.81% on Wednesday, hitting $69.87. 2,314,118 shares of the company’s stock traded hands. Ross Stores has a 52 week low of $61.83 and a 52 week high of $81.99. The stock’s 50-day moving average is $65.18 and its 200-day moving average is $68.37. The company has a market cap of $14.784 billion and a P/E ratio of 17.52. Ross Stores also saw unusually large options trading activity on Tuesday. Investors purchased 9,493 call options on the stock. This represents an increase of 873% compared to the average daily volume of 976 call options.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 22nd. The company reported $1.15 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.07 earnings per share. Ross Stores’s revenue was up 5.6% compared to the same quarter last year. Analysts expect that Ross Stores will post $4.21 EPS for the current fiscal year.

Ross Stores, Inc is an off-price apparel and home fashion chain in the United States. The Company operates two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (NASDAQ:ROST) and dd’s DISCOUNTS.

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