Ross Stores, Inc. (NASDAQ:ROST) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ross Stores, Inc. (NASDAQ:ROSTGet Rating) have been assigned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $114.30.

ROST has been the subject of a number of recent research reports. StockNews.com initiated coverage on Ross Stores in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company increased their target price on Ross Stores from $110.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Robert W. Baird increased their target price on Ross Stores from $105.00 to $125.00 in a research note on Friday, November 18th. William Blair restated an “outperform” rating on shares of Ross Stores in a research note on Friday, August 19th. Finally, JPMorgan Chase & Co. raised their price objective on Ross Stores from $112.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, November 18th.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $116.03 on Friday. The firm has a market capitalization of $40.27 billion, a PE ratio of 28.16, a P/E/G ratio of 2.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.95 and a quick ratio of 1.23. The business has a 50-day moving average of $91.29 and a two-hundred day moving average of $85.88. Ross Stores has a 12 month low of $69.24 and a 12 month high of $117.29.

Ross Stores (NASDAQ:ROSTGet Rating) last announced its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $1.00 EPS for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.37 billion. Ross Stores had a return on equity of 34.95% and a net margin of 7.74%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, research analysts forecast that Ross Stores will post 4.3 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 6th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, December 5th. Ross Stores’s dividend payout ratio (DPR) is 30.10%.

Institutional Trading of Ross Stores

Several hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Ross Stores by 2.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 49,657,768 shares of the apparel retailer’s stock worth $3,487,464,000 after purchasing an additional 994,578 shares during the last quarter. BlackRock Inc. raised its stake in Ross Stores by 3.8% during the 1st quarter. BlackRock Inc. now owns 28,971,315 shares of the apparel retailer’s stock valued at $2,620,746,000 after acquiring an additional 1,063,712 shares in the last quarter. Vanguard Group Inc. raised its stake in Ross Stores by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 27,845,099 shares of the apparel retailer’s stock valued at $2,346,507,000 after acquiring an additional 227,166 shares in the last quarter. FMR LLC raised its stake in Ross Stores by 13.4% during the 2nd quarter. FMR LLC now owns 13,702,262 shares of the apparel retailer’s stock valued at $962,311,000 after acquiring an additional 1,619,174 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in Ross Stores by 0.5% during the 1st quarter. Primecap Management Co. CA now owns 11,344,159 shares of the apparel retailer’s stock valued at $1,026,193,000 after acquiring an additional 57,260 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.

About Ross Stores

(Get Rating)

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. 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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

Further Reading

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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