Investment Analysts’ Recent Ratings Updates for Ross Stores (ROST)
Ross Stores (NASDAQ: ROST) was the recipient of a ratings changes during the seven days:
- Ross Stores had its “neutral” rating reaffirmed by analysts at Citigroup Inc.. They now have a $82.00 price target on the stock, up previously from $77.00.
- Ross Stores had its price target raised by analysts at Canaccord Genuity from $66.00 to $68.00. They now have a “hold” rating on the stock.
- Ross Stores had its price target raised by analysts at Sterne Agee from $68.00 to $70.00.
- Ross Stores had its price target raised by analysts at ISI Group from $75.00 to $85.00.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up 1.08% during mid-day trading on Wednesday, hitting $75.15. The stock had a trading volume of 1,554,517 shares. Ross Stores, Inc. has a 1-year low of $61.83 and a 1-year high of $81.99. The stock has a 50-day moving average of $65.99 and a 200-day moving average of $68.56. The company has a market cap of $15.599 billion and a price-to-earnings ratio of 18.07.
Ross Stores (NASDAQ:ROST) last released its earnings data on Thursday, August 21st. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Ross Stores, Inc. will post $4.28 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, September 3rd.
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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