Ross Stores Inc. (NASDAQ:ROST) had its target price increased by Royal Bank Of Canada from $65.00 to $68.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the apparel retailer’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 3.77% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank AG boosted their price objective on shares of Ross Stores from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, August 19th. Vetr upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Monday, August 1st. Citigroup Inc. boosted their price objective on shares of Ross Stores from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 19th. SunTrust Banks Inc. boosted their price objective on shares of Ross Stores from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 19th. Finally, Nomura set a $70.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, August 19th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have issued a buy rating to the company. Ross Stores currently has an average rating of “Hold” and an average price target of $66.08.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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

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

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

In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $62.54, for a total transaction of $1,250,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider James S. Fassio sold 12,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Evercore Wealth Management LLC boosted its position in Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 435 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Ross Stores by 0.3% in the third quarter. Parkside Financial Bank & Trust now owns 1,792 shares of the apparel retailer’s stock valued at $115,000 after buying an additional 6 shares in the last quarter. Baldwin Brothers Inc. MA bought a new position in Ross Stores during the third quarter valued at about $120,000. Sandy Spring Bank boosted its position in Ross Stores by 190.3% in the third quarter. Sandy Spring Bank now owns 2,032 shares of the apparel retailer’s stock valued at $131,000 after buying an additional 1,332 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its position in Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares in the last quarter. Institutional investors and hedge funds own 89.27% 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.

5 Day Chart for NASDAQ:ROST

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