Ross Stores (NASDAQ:ROST) PT Raised to $175.00

Ross Stores (NASDAQ:ROST) had its price target increased by equities research analysts at Telsey Advisory Group from $160.00 to $175.00 in a report issued on Friday, StockNewsAPI reports. The firm presently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price indicates a potential upside of 14.74% from the stock’s previous close.

ROST has been the subject of several other reports. TD Cowen dropped their target price on Ross Stores from $176.00 to $173.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Robert W. Baird upped their target price on Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Bank of America upped their target price on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday. Finally, Evercore ISI upped their target price on Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.06.

Ross Stores Stock Performance

NASDAQ ROST opened at $152.52 on Friday. Ross Stores has a fifty-two week low of $108.35 and a fifty-two week high of $157.85. The stock has a market cap of $50.88 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The business has a fifty day moving average of $145.21 and a 200-day moving average of $142.25. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.31.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.10. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, analysts predict that Ross Stores will post 5.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ross Stores news, Director Patricia H. Mueller sold 941 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $138.37, for a total transaction of $130,206.17. Following the completion of the transaction, the director now directly owns 973 shares of the company’s stock, valued at approximately $134,634.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

Large investors have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in shares of Ross Stores during the 1st quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of Ross Stores in the first quarter valued at $27,000. SJS Investment Consulting Inc. lifted its holdings in shares of Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Ross Stores in the second quarter valued at $32,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Company Profile

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.