Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $171.69.
A number of brokerages have recently weighed in on ROST. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. TD Cowen dropped their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Telsey Advisory Group restated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Finally, JPMorgan Chase & Co. upped their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd.
Get Our Latest Analysis on Ross Stores
Ross Stores Stock Up 1.1 %
Ross Stores (NASDAQ:ROST – Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’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. As a group, equities analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.
Ross Stores Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s payout ratio is 23.15%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Ross Stores in the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores in the 3rd quarter worth approximately $33,000. Ashton Thomas Securities LLC purchased a new position in Ross Stores in the 3rd quarter valued at approximately $53,000. Banque Cantonale Vaudoise acquired a new position in Ross Stores during the third quarter worth $59,000. Finally, AM Squared Ltd purchased a new stake in Ross Stores during the third quarter worth $60,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.
Ross Stores Company Profile
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.
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