BMO Capital Markets set a $65.00 target price on Ross Stores, Inc. (NASDAQ:ROST) in a research note issued to investors on Sunday morning. The brokerage currently has a hold rating on the apparel retailer’s stock.

ROST has been the subject of a number of other research reports. Instinet restated a buy rating and issued a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Zacks Investment Research cut Ross Stores from a buy rating to a hold rating in a research report on Wednesday, August 23rd. BidaskClub cut Ross Stores from a sell rating to a strong sell rating in a research report on Saturday, June 17th. Morgan Stanley restated an overweight rating and issued a $69.00 price target on shares of Ross Stores in a research report on Monday, May 22nd. Finally, Credit Suisse Group restated a neutral rating and issued a $64.00 price target (down previously from $70.00) on shares of Ross Stores in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $69.61.

Shares of Ross Stores (NASDAQ:ROST) traded up 1.04% on Friday, reaching $59.13. The company’s stock had a trading volume of 958,062 shares. The stock has a market cap of $22.65 billion, a P/E ratio of 19.53 and a beta of 1.09. The firm’s 50-day moving average price is $56.58 and its 200-day moving average price is $61.13. Ross Stores has a 12 month low of $52.85 and a 12 month high of $69.81.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. Ross Stores’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, analysts forecast that Ross Stores will post $3.23 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Wednesday, September 6th. Ross Stores’s payout ratio is presently 21.12%.

Institutional investors have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America boosted its stake in Ross Stores by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after buying an additional 10 shares during the last quarter. TrimTabs Asset Management LLC boosted its stake in Ross Stores by 89.2% during the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 776 shares during the last quarter. Parallel Advisors LLC boosted its stake in Ross Stores by 39.1% during the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock valued at $111,000 after buying an additional 478 shares during the last quarter. Balentine LLC boosted its stake in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 5 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 61 shares during the last quarter. 89.62% of the stock is owned by institutional investors.

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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