Ross Stores (ROST) Upgraded at BidaskClub

Ross Stores (NASDAQ:ROST) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also recently commented on ROST. Nomura reaffirmed a “buy” rating and issued a $90.00 price target (up previously from $80.00) on shares of Ross Stores in a report on Wednesday, January 17th. BMO Capital Markets increased their price target on Ross Stores from $65.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, November 17th. Morgan Stanley increased their price target on Ross Stores from $70.00 to $77.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Telsey Advisory Group increased their price target on Ross Stores from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Finally, SunTrust Banks set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and an average target price of $74.19.

Shares of Ross Stores (NASDAQ ROST) opened at $84.58 on Wednesday. Ross Stores has a fifty-two week low of $52.85 and a fifty-two week high of $84.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The company has a market capitalization of $32,320.00, a P/E ratio of 27.02, a P/E/G ratio of 2.55 and a beta of 1.14.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts forecast that Ross Stores will post 3.29 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of Ross Stores by 3,501.6% in the second quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock valued at $112,149,000 after buying an additional 1,888,715 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Ross Stores by 8,982.4% in the third quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock valued at $104,464,000 after buying an additional 1,600,027 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Ross Stores by 393.0% in the second quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock valued at $90,817,000 after buying an additional 1,254,028 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Ross Stores by 39.2% in the third quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock valued at $236,257,000 after buying an additional 1,029,990 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Ross Stores by 13.1% in the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock valued at $473,476,000 after buying an additional 849,789 shares in the last quarter. 91.37% of the stock is owned by institutional investors.

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Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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