Ross Stores Inc. (ROST) Given Buy Rating at Guggenheim
ROST has been the topic of a number of other reports. Jefferies Group restated a hold rating on shares of Ross Stores in a research report on Thursday, July 14th. Goldman Sachs Group Inc. restated a neutral rating and set a $64.00 price objective on shares of Ross Stores in a research report on Monday, August 1st. Buckingham Research upgraded Ross Stores from a neutral rating to a buy rating in a research report on Thursday, August 25th. Cowen and Company boosted their price objective on Ross Stores from $61.00 to $63.00 and gave the company an outperform rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research upgraded Ross Stores from a hold rating to a buy rating and set a $66.00 price objective on the stock in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Ross Stores has a consensus rating of Buy and an average price target of $65.29.
Ross Stores (NASDAQ:ROST) traded up 0.14% during trading on Friday, reaching $64.39. 333,430 shares of the company’s stock were exchanged. The company has a market capitalization of $25.54 billion, a price-to-earnings ratio of 24.51 and a beta of 0.94. Ross Stores has a 52-week low of $43.47 and a 52-week high of $66.28. The stock’s 50-day moving average price is $62.97 and its 200-day moving average price is $58.48.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ross Stores had a return on equity of 42.01% and a net margin of 8.55%. Ross Stores’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 earnings per share. Equities analysts expect that Ross Stores will post $2.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 2nd were paid a $0.135 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.54 annualized dividend and a dividend yield of 0.84%. Ross Stores’s payout ratio is 20.53%.
In related news, Director George Orban sold 56,000 shares of the business’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $57.52, for a total transaction of $3,221,120.00. Following the sale, the director now owns 506,750 shares in the company, valued at approximately $29,148,260. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barbara Rentler sold 12,840 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $63.76, for a total value of $818,678.40. Following the sale, the chief executive officer now owns 542,851 shares in the company, valued at approximately $34,612,179.76. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
A number of large investors have recently modified their holdings of ROST. Evercore Wealth Management LLC raised its stake in shares of Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock worth $109,000 after buying an additional 435 shares in the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in shares of Ross Stores during the first quarter worth $140,000. Carroll Financial Associates Inc. raised its stake in shares of Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock worth $147,000 after buying an additional 17 shares in the last quarter. Independent Portfolio Consultants Inc. purchased a new stake in shares of Ross Stores during the second quarter worth $151,000. Finally, Citizens Financial Group Inc RI raised its stake in shares of Ross Stores by 51.6% in the first quarter. Citizens Financial Group Inc RI now owns 2,737 shares of the apparel retailer’s stock worth $159,000 after buying an additional 931 shares in the last quarter. Institutional investors and hedge funds own 90.21% of the company’s stock.
About Ross Stores
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.
Receive News & Stock Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related stocks with our FREE daily email newsletter.