Ross Stores (NASDAQ:ROST) Sets New 12-Month High at $120.65

Ross Stores, Inc. (NASDAQ:ROSTGet Rating)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $120.65 and last traded at $120.33, with a volume of 9272 shares traded. The stock had previously closed at $118.40.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ROST shares. BMO Capital Markets lifted their price objective on Ross Stores from $95.00 to $113.00 in a research report on Friday, November 18th. JPMorgan Chase & Co. lifted their price target on Ross Stores from $112.00 to $121.00 and gave the company an “overweight” rating in a report on Friday, November 18th. Gordon Haskett upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a report on Friday, November 18th. UBS Group lifted their price target on Ross Stores from $92.00 to $108.00 and gave the company a “neutral” rating in a report on Friday, November 18th. Finally, Robert W. Baird lifted their price objective on Ross Stores from $105.00 to $125.00 in a research note on Friday, November 18th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.65.

Ross Stores Stock Performance

The company has a market cap of $41.87 billion, a P/E ratio of 29.51, a PEG ratio of 2.62 and a beta of 0.98. The company has a 50 day moving average price of $109.95 and a 200-day moving average price of $93.37. The company has a quick ratio of 1.23, a current ratio of 1.95 and a debt-to-equity ratio of 0.59.

Ross Stores (NASDAQ:ROSTGet Rating) last announced its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The business 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 company’s revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. Equities analysts expect that Ross Stores, Inc. will post 4.3 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 6th were issued a $0.31 dividend. The ex-dividend date of this dividend was Monday, December 5th. This represents a $1.24 annualized dividend and a dividend yield of 1.02%. Ross Stores’s dividend payout ratio (DPR) is 30.10%.

Institutional Investors Weigh In On Ross Stores

Hedge funds have recently modified their holdings of the stock. Core Alternative Capital lifted 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 valued at $27,000 after purchasing an additional 120 shares during the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Ross Stores during the first quarter valued at $28,000. CVA Family Office LLC lifted its holdings in shares of Ross Stores by 1,466.7% during the second quarter. CVA Family Office LLC now owns 470 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 440 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Ross Stores during the second quarter valued at $34,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Ross Stores during the second quarter valued at $36,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Company Profile

(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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