Shares of Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) have earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $131.05.
A number of research analysts recently weighed in on the stock. Gordon Haskett raised shares of Ross Stores from an “accumulate” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, November 3rd. Morgan Stanley raised their price target on shares of Ross Stores from $131.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. BMO Capital Markets raised their price target on shares of Ross Stores from $127.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Wells Fargo & Company raised their price target on shares of Ross Stores from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, December 22nd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $130.00 target price on shares of Ross Stores in a research note on Monday, November 13th.
Ross Stores Trading Down 0.1 %
Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.84 billion. Ross Stores had a net margin of 8.75% and a return on equity of 38.83%. Ross Stores’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.00 EPS. As a group, equities analysts forecast that Ross Stores will post 5.36 EPS for the current fiscal year.
Ross Stores Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 5th were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 0.92%. Ross Stores’s dividend payout ratio is currently 26.53%.
Institutional Trading of Ross Stores
Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its holdings in Ross Stores by 52.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 83 shares during the last quarter. First Capital Advisors Group LLC. acquired a new stake in Ross Stores in the 2nd quarter valued at approximately $27,000. Resurgent Financial Advisors LLC acquired a new position in shares of Ross Stores in the fourth quarter worth $29,000. Quarry LP acquired a new position in shares of Ross Stores in the first quarter worth $29,000. Finally, Clearstead Advisors LLC grew its stake in shares of Ross Stores by 458.0% in the third quarter. Clearstead Advisors LLC now owns 279 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 229 shares in the last quarter. Institutional investors and hedge funds own 84.79% of the company’s stock.
About Ross Stores
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 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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