Ross Stores (ROST) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Ross Stores (NASDAQ:ROST) from a hold rating to a buy rating in a research report report published on Thursday morning.

Several other equities research analysts have also recently weighed in on ROST. Zacks Investment Research cut Ross Stores from a buy rating to a hold rating in a research note on Thursday, November 22nd. Loop Capital set a $100.00 price target on Ross Stores and gave the company a buy rating in a research note on Tuesday, November 20th. MKM Partners decreased their price target on Ross Stores from $98.00 to $95.00 and set a buy rating for the company in a research note on Wednesday, November 21st. Nomura decreased their price target on Ross Stores from $101.00 to $95.00 and set a buy rating for the company in a research note on Wednesday, November 21st. Finally, ValuEngine cut Ross Stores from a buy rating to a hold rating in a research note on Friday, November 23rd. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Ross Stores has an average rating of Buy and an average price target of $96.12.

ROST traded up $0.48 on Thursday, reaching $91.21. The stock had a trading volume of 2,060,483 shares, compared to its average volume of 3,165,956. The stock has a market cap of $33.48 billion, a PE ratio of 27.31, a PEG ratio of 2.16 and a beta of 0.93. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. Ross Stores has a fifty-two week low of $73.76 and a fifty-two week high of $104.35.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share. On average, equities research analysts expect that Ross Stores will post 4.19 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 7th were paid a dividend of $0.225 per share. The ex-dividend date was Thursday, December 6th. This represents a $0.90 annualized dividend and a yield of 0.99%. Ross Stores’s dividend payout ratio is currently 26.95%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Ross Stores by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 167,409 shares of the apparel retailer’s stock worth $16,590,000 after acquiring an additional 1,260 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Ross Stores by 132.2% in the third quarter. Calamos Advisors LLC now owns 70,689 shares of the apparel retailer’s stock worth $7,005,000 after acquiring an additional 40,241 shares in the last quarter. Spectrum Management Group Inc. bought a new position in Ross Stores in the third quarter worth approximately $801,000. Bradley Foster & Sargent Inc. CT boosted its holdings in Ross Stores by 29.4% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 23,996 shares of the apparel retailer’s stock worth $2,378,000 after acquiring an additional 5,452 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Ross Stores by 65.0% in the third quarter. Fifth Third Bancorp now owns 18,466 shares of the apparel retailer’s stock worth $1,830,000 after acquiring an additional 7,273 shares in the last quarter. 88.45% of the stock is owned by institutional investors and hedge funds.

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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