Shares of Ross Stores, Inc. (NASDAQ:ROST) have received an average rating of “Buy” from the twenty-five analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.00.

Several brokerages recently commented on ROST. Jefferies Group set a $66.00 price target on Ross Stores and gave the company a “hold” rating in a research note on Saturday, November 18th. Cowen set a $78.00 price objective on Ross Stores and gave the stock a “buy” rating in a research note on Saturday, November 18th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. SunTrust Banks set a $80.00 price objective on Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $70.00 price target (up from $62.00) on shares of Ross Stores in a report on Friday, November 17th.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Balentine LLC lifted its holdings in Ross Stores by 0.3% during the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after buying an additional 5 shares during the period. Acrospire Investment Management LLC increased its position in Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. Zions Bancorporation increased its position in Ross Stores by 338.9% in the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock valued at $137,000 after buying an additional 1,637 shares in the last quarter. Welch Group LLC increased its position in Ross Stores by 35.2% in the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after buying an additional 716 shares in the last quarter. Finally, Sun Life Financial INC increased its position in Ross Stores by 20,314.3% in the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after buying an additional 2,844 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Shares of Ross Stores (NASDAQ ROST) traded down $1.46 during midday trading on Thursday, reaching $75.51. The company’s stock had a trading volume of 2,027,334 shares, compared to its average volume of 2,948,925. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. The company has a market cap of $28,860.00, a P/E ratio of 24.41, a P/E/G ratio of 2.33 and a beta of 1.15. Ross Stores has a 52 week low of $52.85 and a 52 week high of $78.81.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. Ross Stores’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. sell-side analysts expect that Ross Stores will post 3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.85%. Ross Stores’s dividend payout ratio (DPR) is currently 20.45%.

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About Ross Stores

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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