Ross Stores, Inc. (NASDAQ:ROST)‘s stock had its “neutral” rating restated by equities researchers at Credit Suisse Group in a research note issued on Tuesday. They currently have a $64.00 price objective on the apparel retailer’s stock, down from their previous price objective of $70.00. Credit Suisse Group’s price objective would suggest a potential upside of 14.45% from the company’s previous close.

ROST has been the topic of a number of other research reports. BidaskClub lowered shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Ross Stores from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Morgan Stanley restated an “overweight” rating and issued a $69.00 target price on shares of Ross Stores in a research report on Monday, May 22nd. Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Friday, July 14th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $67.00 target price (down previously from $70.00) on shares of Ross Stores in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $69.41.

Ross Stores (NASDAQ ROST) traded up 0.94% on Tuesday, reaching $55.92. 3,085,485 shares of the company traded hands. The company has a market capitalization of $21.76 billion, a PE ratio of 19.16 and a beta of 1.10. Ross Stores has a 52-week low of $52.91 and a 52-week high of $69.81. The stock has a 50-day moving average of $56.36 and a 200 day moving average of $63.03.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities analysts forecast that Ross Stores will post $3.16 EPS for the current year.

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In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of Ross Stores stock in a transaction on Friday, May 26th. The shares were sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the sale, the director now directly owns 4,967 shares of the company’s stock, valued at $314,063.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Scout Investments Inc. increased its stake in Ross Stores by 146.6% in the second quarter. Scout Investments Inc. now owns 277,653 shares of the apparel retailer’s stock valued at $16,029,000 after buying an additional 165,053 shares during the period. Principal Financial Group Inc. increased its stake in Ross Stores by 5.3% in the second quarter. Principal Financial Group Inc. now owns 6,482,963 shares of the apparel retailer’s stock valued at $374,261,000 after buying an additional 327,310 shares during the period. Motco increased its stake in Ross Stores by 2.9% in the second quarter. Motco now owns 80,418 shares of the apparel retailer’s stock valued at $4,643,000 after buying an additional 2,304 shares during the period. Mirador Capital Partners LP bought a new stake in Ross Stores during the second quarter valued at $230,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Ross Stores during the second quarter valued at $2,090,000. 91.37% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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