Ross Stores, Inc. (NASDAQ:ROST) Receives $159.06 Average PT from Brokerages

by · The Cerbat Gem

Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $159.0625.

Several analysts have recently weighed in on the company. Evercore ISI cut their price objective on Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Loop Capital cut their price objective on Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Barclays cut their price objective on Ross Stores from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Telsey Advisory Group restated a “market perform” rating and issued a $150.00 price objective on shares of Ross Stores in a report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on Ross Stores from $154.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, July 28th.

View Our Latest Stock Analysis on ROST

Ross Stores Trading Down 0.6%

NASDAQ:ROST opened at $146.06 on Thursday. Ross Stores has a 1 year low of $122.36 and a 1 year high of $163.60. The stock has a market cap of $47.77 billion, a price-to-earnings ratio of 23.07, a PEG ratio of 2.82 and a beta of 1.11. The business has a fifty day moving average of $135.19 and a 200-day moving average of $137.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55.

Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same quarter in the prior year, the business posted $1.46 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities analysts predict that Ross Stores will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores’s dividend payout ratio is currently 25.59%.

Institutional Investors Weigh In On Ross Stores

Hedge funds have recently bought and sold shares of the business. Aspect Partners LLC lifted its stake in Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Bayforest Capital Ltd lifted its stake in Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Banque Transatlantique SA purchased a new stake in Ross Stores in the 1st quarter worth about $29,000. Finally, Tradewinds Capital Management LLC lifted its stake in Ross Stores by 36.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 75 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Company Profile

(Get Free Report)

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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