Shares of Ross Stores Inc. (NASDAQ:ROST) have been given an average recommendation of “Buy” by the twenty-seven brokerages that are covering the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $65.43.

ROST has been the topic of a number of research analyst reports. Piper Jaffray Cos. lowered shares of Ross Stores from a “neutral” rating to an “underweight” rating and set a $55.00 price objective on the stock. in a report on Thursday, May 26th. Deutsche Bank AG reissued a “buy” rating on shares of Ross Stores in a report on Tuesday, June 14th. Miller Tabak began coverage on shares of Ross Stores in a report on Friday, June 24th. They issued a “buy” rating and a $66.00 price target on the stock. Vetr lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating and set a $60.50 price target on the stock. in a report on Monday, June 27th. Finally, Cowen and Company upped their price target on shares of Ross Stores from $61.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, July 13th.

In related news, Director George Orban sold 56,000 shares of the stock in a transaction that occurred on Friday, July 8th. The shares were sold at an average price of $57.52, for a total transaction of $3,221,120.00. Following the completion of the transaction, the director now owns 506,750 shares of the company’s stock, valued at approximately $29,148,260. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.40% of the company’s stock.

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Several institutional investors have recently bought and sold shares of ROST. Evercore Wealth Management LLC boosted its position in shares of Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 435 shares in the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Ross Stores during the first quarter valued at approximately $140,000. Carroll Financial Associates Inc. boosted its position in shares of Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares in the last quarter. Independent Portfolio Consultants Inc. acquired a new position in shares of Ross Stores during the second quarter valued at approximately $151,000. Finally, Citizens Financial Group Inc RI boosted its position in shares of Ross Stores by 51.6% in the first quarter. Citizens Financial Group Inc RI now owns 2,737 shares of the apparel retailer’s stock valued at $159,000 after buying an additional 931 shares in the last quarter. 89.55% of the stock is owned by hedge funds and other institutional investors.

Ross Stores (NASDAQ:ROST) traded down 0.35% during midday trading on Wednesday, reaching $62.69. The company’s stock had a trading volume of 979,273 shares. Ross Stores has a one year low of $43.47 and a one year high of $66.28. The stock’s 50 day moving average price is $62.39 and its 200-day moving average price is $58.13. The stock has a market cap of $24.86 billion, a price-to-earnings ratio of 23.86 and a beta of 0.84.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.13 billion. Ross Stores had a net margin of 8.55% and a return on equity of 42.01%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.63 earnings per share. On average, analysts forecast that Ross Stores will post $2.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 2nd will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.86%. Ross Stores’s payout ratio is currently 20.53%.

Ross Stores Company Profile

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.

5 Day Chart for NASDAQ:ROST

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