Ross Stores (NASDAQ: ROST) recently received a number of ratings updates from brokerages and research firms:

  • 9/25/2017 – Ross Stores was upgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating. They now have a $74.00 price target on the stock, up previously from $65.00.
  • 9/25/2017 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores has a positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company which has lagged the industry year to date, anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017. It also expects facing a volatile retail backdrop.”
  • 9/25/2017 – Ross Stores had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $80.00 price target on the stock.
  • 9/21/2017 – Ross Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $68.00 price target on the stock. According to Zacks, “Ross Stores has a positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company which has lagged the industry year to date, anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017. It also expects facing a volatile retail backdrop.”
  • 9/18/2017 – Ross Stores had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $62.00 price target on the stock.
  • 9/14/2017 – Ross Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $69.00 price target on the stock. According to Zacks, “Ross Stores outperformed the broader industry in the past month. It has a positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 9/13/2017 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores outperformed the broader industry in the past month. It has a positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 9/12/2017 – Ross Stores had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $63.00 price target on the stock.
  • 9/12/2017 – Ross Stores is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $74.00 price target on the stock.
  • 9/10/2017 – Ross Stores was given a new $65.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 9/6/2017 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores outperformed the broader industry in the past month. It has a positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 8/31/2017 – Ross Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Ross Stores has outperformed the broader industry in the past year, given its positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 8/23/2017 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores has outperformed the broader industry in the past year, given its positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on-store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 8/21/2017 – Ross Stores had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $75.00 price target on the stock.
  • 8/21/2017 – Ross Stores was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $60.00 price target on the stock. According to Zacks, “Ross Stores has outperformed the broader industry in the past year, given its positive record of earnings surprises in 12 of the trailing 13 quarters. In second-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Results gained from solid top-line growth that was driven by broad-based growth across all merchandise categories and regions. Further, better-than-expected sales and operating profits at dd's DISCOUNTS aided results. Concluding first-half fiscal 2017 on a strong note, the company provided guidance for the second half and accordingly raised earnings view for fiscal 2017. This led to an uptrend in estimates for fiscal 2017. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on-store expansion bode well. However, the company anticipates witnessing the most challenging year-ago comparisons in second-half fiscal 2017, alongside a volatile retail backdrop.”
  • 8/20/2017 – Ross Stores had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $65.00 price target on the stock, down previously from $68.00.
  • 8/20/2017 – Ross Stores had its “buy” rating reaffirmed by analysts at Instinet. They now have a $74.00 price target on the stock.
  • 8/20/2017 – Ross Stores had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $80.00 price target on the stock.
  • 8/18/2017 – Ross Stores was given a new $66.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 8/18/2017 – Ross Stores had its price target lowered by analysts at UBS AG from $70.00 to $64.00. They now have a “neutral” rating on the stock.
  • 8/18/2017 – Ross Stores had its price target lowered by analysts at Wolfe Research from $76.00 to $73.00. They now have an “outperform” rating on the stock.
  • 8/18/2017 – Ross Stores had its price target raised by analysts at MKM Partners from $77.00 to $78.00. They now have a “buy” rating on the stock.
  • 8/18/2017 – Ross Stores had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock.
  • 8/8/2017 – Ross Stores was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ross Stores has outperformed the broader industry in the past one year, given its positive record of earnings surprises in recent quarters. Notably, the company has recorded earnings beat in 11 of the past 12 quarters. Strong earnings trend stemmed from the favorable response of value-focused customers to Ross Stores’ extensive collection of brand bargains and solid cost controls. Moreover, its solid financial status, ongoing merchandise initiatives and consistent focus on-store expansion bode well. Further, the company provided an encouraging outlook for the second quarter and raised fiscal 2017 earnings per share view. However, the company expects to face challenges related to strong year-over-year earnings and sales comparisons amid macroeconomic uncertainty and a volatile retail landscape. Further, threats of stiff competition and cannibalization remain. Estimates have been stable ahead of the second quarter earnings release.”
  • 8/8/2017 – Ross Stores had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $64.00 price target on the stock, down previously from $70.00.
  • 8/8/2017 – Ross Stores was given a new $65.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 64.91 on Wednesday. The stock has a market cap of $25.03 billion, a price-to-earnings ratio of 21.44 and a beta of 1.13. The company has a 50-day moving average of $60.02 and a 200 day moving average of $60.48. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $69.81.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the company earned $0.71 EPS. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, equities analysts forecast that Ross Stores, Inc. will post $3.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

In other news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by company insiders.

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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