Ross Stores Inc. (NASDAQ:ROST)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research report issued on Friday. They currently have a $67.00 target price on the apparel retailer’s stock, down from their previous target price of $71.00. Wedbush’s price target would suggest a potential upside of 2.24% from the stock’s previous close.

Several other research analysts have also recently weighed in on ROST. Telsey Advisory Group upped their price objective on Ross Stores from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday. Royal Bank Of Canada upped their price objective on Ross Stores from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research report on Friday, August 19th. JPMorgan Chase & Co. upped their price objective on Ross Stores from $51.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Ross Stores in a research report on Friday, August 19th. Finally, Deutsche Bank AG upped their price objective on Ross Stores from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.67.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Ross Stores (NASDAQ:ROST) opened at 65.53 on Friday. The firm has a 50-day moving average price of $63.47 and a 200 day moving average price of $59.88. The company has a market capitalization of $25.99 billion, a P/E ratio of 24.94 and a beta of 0.94. Ross Stores has a 12 month low of $49.06 and a 12 month high of $66.28.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. Ross Stores had a return on equity of 42.01% and a net margin of 8.55%. The firm earned $3.10 billion during the quarter. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. Analysts expect that Ross Stores will post $2.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be given a $0.135 dividend. This represents a $0.54 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, December 5th. Ross Stores’s dividend payout ratio (DPR) is presently 20.53%.

In other news, insider James S. Fassio sold 12,000 shares of Ross Stores stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $63.35, for a total value of $760,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barbara Rentler sold 12,840 shares of Ross Stores stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $63.76, for a total value of $818,678.40. Following the completion of the transaction, the chief executive officer now directly owns 542,851 shares of the company’s stock, valued at $34,612,179.76. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Ross Stores by 1.2% in the second quarter. Vanguard Group Inc. now owns 38,030,533 shares of the apparel retailer’s stock valued at $2,155,952,000 after buying an additional 464,766 shares during the period. FMR LLC raised its position in Ross Stores by 5.4% in the second quarter. FMR LLC now owns 36,204,880 shares of the apparel retailer’s stock valued at $2,052,454,000 after buying an additional 1,852,111 shares during the period. Price T Rowe Associates Inc. MD raised its position in Ross Stores by 19.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,761,511 shares of the apparel retailer’s stock valued at $1,463,565,000 after buying an additional 3,702,651 shares during the period. Primecap Management Co. CA raised its position in Ross Stores by 1.7% in the second quarter. Primecap Management Co. CA now owns 15,296,500 shares of the apparel retailer’s stock valued at $867,159,000 after buying an additional 259,700 shares during the period. Finally, BlackRock Fund Advisors raised its position in Ross Stores by 2.3% in the third quarter. BlackRock Fund Advisors now owns 7,081,633 shares of the apparel retailer’s stock valued at $455,349,000 after buying an additional 162,148 shares during the period. 89.27% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:ROST

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