Ross Stores, Inc. (NASDAQ:ROST) has been assigned an average rating of “Buy” from the twenty-five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, fifteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $98.43.

A number of equities research analysts have weighed in on the stock. Robert W. Baird assumed coverage on shares of Ross Stores in a report on Monday, May 13th. They issued an “outperform” rating and a $108.00 price target for the company. Goldman Sachs Group downgraded shares of Ross Stores from a “neutral” rating to a “sell” rating and cut their price target for the company from $102.00 to $91.00 in a report on Thursday, June 27th. Guggenheim reissued a “buy” rating and issued a $105.00 price target on shares of Ross Stores in a report on Friday, May 24th. BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Finally, Telsey Advisory Group downgraded shares of Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 price target for the company. in a report on Monday, June 24th.

ROST stock traded up $3.16 during trading on Tuesday, hitting $106.44. The company had a trading volume of 1,448,786 shares, compared to its average volume of 2,265,751. The company has a market capitalization of $38.48 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.25 and a beta of 0.89. The firm has a 50 day moving average price of $103.93. Ross Stores has a fifty-two week low of $75.91 and a fifty-two week high of $108.20. The company has a quick ratio of 0.64, a current ratio of 1.34 and a debt-to-equity ratio of 0.87.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.01. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The business had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Ross Stores will post 4.51 EPS for the current fiscal year.

In other Ross Stores news, insider James S. Fassio sold 85,238 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $104.85, for a total transaction of $8,937,204.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Michael Balmuth sold 81,049 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $92.87, for a total value of $7,527,020.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 296,287 shares of company stock worth $29,806,735. Corporate insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of ROST. Accident Compensation Corp acquired a new position in Ross Stores in the first quarter worth approximately $205,000. Trellis Advisors LLC acquired a new position in Ross Stores in the first quarter worth approximately $218,000. Ballentine Partners LLC increased its holdings in Ross Stores by 9.7% in the second quarter. Ballentine Partners LLC now owns 7,091 shares of the apparel retailer’s stock worth $702,000 after buying an additional 629 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Ross Stores by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 180,979 shares of the apparel retailer’s stock worth $16,848,000 after buying an additional 2,324 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Ross Stores by 83.6% in the second quarter. First Trust Advisors LP now owns 842,895 shares of the apparel retailer’s stock worth $83,548,000 after buying an additional 383,891 shares during the last quarter. Institutional investors own 89.62% of the company’s stock.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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