Ross Stores, Inc. (NASDAQ:ROST) Receives $169.06 Consensus PT from Analysts

Shares of Ross Stores, Inc. (NASDAQ:ROSTGet Free Report) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $169.06.

Several brokerages have weighed in on ROST. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $165.00 target price (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 target price (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. TD Cowen lowered their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Finally, Evercore ISI lifted their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd.

Check Out Our Latest Stock Report on ROST

Ross Stores Trading Up 1.8 %

NASDAQ:ROST opened at $152.92 on Friday. The stock’s 50 day moving average price is $151.61 and its 200 day moving average price is $147.88. The company has a market capitalization of $50.45 billion, a PE ratio of 24.08, a P/E/G ratio of 2.48 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores has a 52-week low of $127.53 and a 52-week high of $163.60.

Ross Stores (NASDAQ:ROSTGet Free Report) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, research analysts anticipate that Ross Stores will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.96%. Ross Stores’s dividend payout ratio (DPR) is 23.15%.

Hedge Funds Weigh In On Ross Stores

Institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Ross Stores in the second quarter worth $27,000. Armstrong Advisory Group Inc. purchased a new stake in shares of Ross Stores in the third quarter valued at $33,000. ORG Partners LLC grew its position in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 191 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Ross Stores in the third quarter valued at $53,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ross Stores in the fourth quarter valued at $57,000. 86.86% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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