Ross Stores, Inc. (NASDAQ:ROST) received a $67.00 price objective from Royal Bank Of Canada in a research report issued on Monday. The firm currently has a “hold” rating on the apparel retailer’s stock. Royal Bank Of Canada’s target price points to a potential upside of 11.52% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Instinet boosted their price objective on shares of Ross Stores from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, March 1st. Jefferies Group LLC boosted their price objective on shares of Ross Stores from $59.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, March 1st. BMO Capital Markets reissued a “hold” rating and issued a $72.00 price objective on shares of Ross Stores in a research note on Tuesday, April 18th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Finally, Telsey Advisory Group boosted their price objective on shares of Ross Stores from $70.00 to $77.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $69.82.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Ross Stores (ROST) traded up 1.090% during mid-day trading on Monday, hitting $60.735. The company had a trading volume of 1,436,843 shares. The company has a 50 day moving average of $63.02 and a 200 day moving average of $65.62. Ross Stores has a 1-year low of $52.75 and a 1-year high of $69.81. The firm has a market capitalization of $23.64 billion, a PE ratio of 20.807 and a beta of 1.07.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. Ross Stores’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Analysts predict that Ross Stores will post $3.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.64 annualized dividend and a dividend yield of 1.07%. Ross Stores’s dividend payout ratio (DPR) is presently 21.92%.

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In related news, insider Brian R. Morrow sold 3,004 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $63.16, for a total transaction of $189,732.64. Following the completion of the transaction, the insider now owns 121,712 shares in the company, valued at approximately $7,687,329.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sharon D. Garrett sold 16,130 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total transaction of $1,019,899.90. Following the transaction, the director now owns 4,967 shares of the company’s stock, valued at approximately $314,063.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,480 shares of company stock valued at $8,511,143. Insiders own 2.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in Ross Stores by 6.1% in the first quarter. Clearbridge Investments LLC now owns 1,036,124 shares of the apparel retailer’s stock valued at $68,249,000 after buying an additional 59,894 shares during the period. Perigon Wealth Management LLC boosted its stake in shares of Ross Stores by 0.5% in the first quarter. Perigon Wealth Management LLC now owns 29,114 shares of the apparel retailer’s stock valued at $1,918,000 after buying an additional 158 shares in the last quarter. UBS Oconnor LLC acquired a new stake in shares of Ross Stores during the first quarter valued at about $1,647,000. Piedmont Investment Advisors LLC boosted its stake in shares of Ross Stores by 1.5% in the first quarter. Piedmont Investment Advisors LLC now owns 95,993 shares of the apparel retailer’s stock valued at $6,323,000 after buying an additional 1,410 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Ross Stores during the first quarter valued at about $267,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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