Ross Stores, Inc. (NASDAQ:ROST)‘s stock had its “buy” rating reissued by stock analysts at Telsey Advisory Group in a report issued on Friday.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 target price on shares of Ross Stores in a research note on Monday, September 18th. Wolfe Research dropped their target price on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $80.00 target price on shares of Ross Stores in a research note on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $70.47.

Ross Stores (NASDAQ ROST) opened at $65.69 on Friday. Ross Stores has a twelve month low of $52.85 and a twelve month high of $69.81. The firm has a market cap of $24,913.11, a PE ratio of 21.32, a P/E/G ratio of 2.00 and a beta of 1.10. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. analysts predict that Ross Stores will post 3.22 EPS for the current year.

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In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ROST. Balentine LLC raised its holdings in Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Ross Stores by 3.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after purchasing an additional 61 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares in the last quarter. Zions Bancorporation raised its holdings in Ross Stores by 338.9% in the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 1,637 shares in the last quarter. Finally, Welch Group LLC raised its holdings in Ross Stores by 35.2% in the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after purchasing an additional 716 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.

About Ross Stores

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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