Ross Stores, Inc. (NASDAQ:ROST) has been assigned a $62.00 price target by research analysts at Royal Bank Of Canada in a report released on Monday, October 30th. The firm currently has a “hold” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 14.19% from the stock’s current price.
A number of other brokerages also recently commented on ROST. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Monday, August 21st. Buckingham Research reiterated a “neutral” rating and set a $71.00 price target on shares of Ross Stores in a research report on Thursday, October 19th. Instinet reiterated a “buy” rating and set a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. UBS AG dropped their price target on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, August 18th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Friday, July 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. Ross Stores has a consensus rating of “Buy” and a consensus target price of $72.48.
Ross Stores (NASDAQ:ROST) opened at $72.25 on Monday. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The stock has a market cap of $27,859.02, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10. Ross Stores has a twelve month low of $52.85 and a twelve month high of $73.94.
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 Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for 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 43.48%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm posted $0.62 earnings per share. equities research analysts predict that Ross Stores will post 3.28 EPS for the current year.
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In related news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. Balentine LLC lifted its holdings in Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after purchasing an additional 5 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Ross Stores by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after purchasing an additional 19 shares in the last quarter. First Heartland Consultants Inc. lifted its holdings in Ross Stores by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock valued at $354,000 after purchasing an additional 34 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Ross Stores by 3.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 61 shares in the last quarter. Finally, New Amsterdam Partners LLC NY lifted its holdings in Ross Stores by 0.8% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock valued at $483,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 90.51% of the company’s stock.
Ross Stores Company Profile
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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