Ross Stores, Inc. (NASDAQ:ROST) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 8,084 call options on the company. This represents an increase of 1,116% compared to the average daily volume of 665 call options.
Shares of Ross Stores (ROST) opened at $83.76 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The firm has a market cap of $32,010.00, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. Ross Stores has a one year low of $52.85 and a one year high of $84.26.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.62 earnings per share. equities analysts anticipate that Ross Stores will post 3.29 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Balentine LLC lifted its stake in Ross Stores by 0.3% in the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares during the last quarter. Sit Investment Associates Inc. lifted its stake in Ross Stores by 255.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 1,365 shares during the last quarter. Acrospire Investment Management LLC lifted its stake in Ross Stores by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares during the last quarter. Zions Bancorporation lifted its stake in Ross Stores by 338.9% in the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 1,637 shares during the last quarter. Finally, CAPROCK Group Inc. bought a new stake in Ross Stores in the fourth quarter worth $204,000. 91.44% of the stock is owned by institutional investors and hedge funds.
ROST has been the subject of a number of research analyst reports. Nomura set a $80.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. SunTrust Banks set a $80.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. Bank of America reaffirmed a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a report on Monday, September 25th. Finally, Cowen set a $78.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $74.19.
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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.
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