Ross Stores, Inc. (NASDAQ:ROST - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $169.71.
Several brokerages recently issued reports on ROST. TD Cowen boosted their price target on Ross Stores from $173.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Barclays boosted their price objective on shares of Ross Stores from $165.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. Wells Fargo & Company raised their target price on shares of Ross Stores from $160.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. UBS Group boosted their price target on shares of Ross Stores from $147.00 to $167.00 and gave the stock a "neutral" rating in a research note on Friday, August 23rd. Finally, Morgan Stanley increased their price target on shares of Ross Stores from $163.00 to $178.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd.
Get Our Latest Stock Analysis on ROST
In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the sale, the chief operating officer now owns 103,049 shares of the company's stock, valued at $16,038,546.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the transaction, the chief operating officer now directly owns 103,049 shares of the company's stock, valued at $16,038,546.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in Ross Stores during the first quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in shares of Ross Stores during the 1st quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores during the second quarter worth $27,000. SJS Investment Consulting Inc. grew its position 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 during the period. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Ross Stores in the second quarter valued at $32,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.
Ross Stores stock opened at $149.19 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $149.00 and a 200-day simple moving average of $143.23. The stock has a market cap of $49.50 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. Ross Stores has a 12-month low of $112.39 and a 12-month high of $163.60.
Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company's revenue was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. Equities analysts expect that Ross Stores will post 6.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. Ross Stores's dividend payout ratio is presently 23.71%.
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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