Ross Stores, Inc. (NASDAQ:ROST) Receives $159.53 Average PT from Analysts

Ross Stores, Inc. (NASDAQ:ROSTGet Free Report) has earned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $159.53.

A number of equities analysts have recently weighed in on the company. Evercore ISI dropped their target price on Ross Stores from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. UBS Group dropped their target price on Ross Stores from $168.00 to $163.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th. Telsey Advisory Group reissued a “market perform” rating and issued a $150.00 price target on shares of Ross Stores in a research note on Friday, May 23rd. Wells Fargo & Company lowered their price target on Ross Stores from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Finally, Citigroup raised Ross Stores from a “neutral” rating to a “buy” rating and set a $146.00 price target for the company in a research note on Thursday, April 3rd.

View Our Latest Analysis on Ross Stores

Insiders Place Their Bets

In other Ross Stores news, CMO Karen Fleming sold 5,270 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $127.70, for a total transaction of $672,979.00. Following the completion of the sale, the chief marketing officer now owns 93,126 shares of the company’s stock, valued at $11,892,190.20. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Sykes sold 5,036 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the sale, the chief marketing officer now directly owns 110,365 shares of the company’s stock, valued at $14,400,425.20. The trade was a 4.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,567 shares of company stock valued at $2,812,024 over the last 90 days. 2.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ross Stores

Several hedge funds have recently modified their holdings of ROST. Larson Financial Group LLC boosted its position in shares of Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock valued at $27,000 after acquiring an additional 107 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Banque Transatlantique SA bought a new stake in shares of Ross Stores in the first quarter valued at approximately $29,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Ross Stores in the fourth quarter valued at approximately $31,000. Finally, Bayforest Capital Ltd boosted its position in shares of Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

Shares of ROST opened at $127.90 on Wednesday. The company has a market capitalization of $41.83 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 2.66 and a beta of 1.14. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The business’s 50-day moving average is $139.69 and its 200-day moving average is $140.72.

Ross Stores (NASDAQ:ROSTGet Free Report) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Equities research analysts expect that Ross Stores will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a yield of 1.27%. Ross Stores’s payout ratio is currently 25.59%.

About Ross Stores

(Get Free Report

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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