Ross Stores (NASDAQ:ROST) Upgraded by Gordon Haskett to Buy

Ross Stores (NASDAQ:ROSTGet Rating) was upgraded by analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a report issued on Friday, Marketbeat.com reports. The firm currently has a $130.00 price target on the apparel retailer’s stock. Gordon Haskett’s target price would suggest a potential upside of 20.83% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group started coverage on shares of Ross Stores in a research note on Tuesday, August 2nd. They set a “buy” rating and a $102.00 target price on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $98.00 to $112.00 in a research note on Friday, September 16th. UBS Group increased their price target on shares of Ross Stores from $85.00 to $92.00 and gave the company a “neutral” rating in a research report on Friday, August 19th. StockNews.com began coverage on shares of Ross Stores in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Barclays increased their target price on Ross Stores from $85.00 to $98.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.72.

Ross Stores Stock Up 9.9 %

ROST opened at $107.59 on Friday. The firm has a market capitalization of $37.34 billion, a P/E ratio of 26.11, a PEG ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.92 and a quick ratio of 1.17. Ross Stores has a fifty-two week low of $69.24 and a fifty-two week high of $116.84. The company’s 50-day moving average is $89.91 and its 200 day moving average is $85.58.

Ross Stores (NASDAQ:ROSTGet Rating) last released its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Ross Stores had a net margin of 7.74% and a return on equity of 35.09%. The business had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts expect that Ross Stores will post 4 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ross Stores

Hedge funds have recently bought and sold shares of the company. Trust Asset Management LLC raised its stake in shares of Ross Stores by 3.4% during the 1st quarter. Trust Asset Management LLC now owns 3,582 shares of the apparel retailer’s stock worth $324,000 after purchasing an additional 119 shares during the period. Saturna Capital CORP grew its holdings in shares of Ross Stores by 1.0% during the first quarter. Saturna Capital CORP now owns 12,730 shares of the apparel retailer’s stock worth $1,152,000 after purchasing an additional 120 shares in the last quarter. Core Alternative Capital grew its holdings in shares of Ross Stores by 59.7% during the third quarter. Core Alternative Capital now owns 321 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 120 shares in the last quarter. Sage Rhino Capital LLC grew its holdings in shares of Ross Stores by 1.5% during the third quarter. Sage Rhino Capital LLC now owns 8,171 shares of the apparel retailer’s stock worth $689,000 after purchasing an additional 122 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. grew its holdings in shares of Ross Stores by 1.4% during the third quarter. Mission Creek Capital Partners Inc. now owns 9,656 shares of the apparel retailer’s stock worth $814,000 after purchasing an additional 130 shares in the last quarter. 87.65% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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