BidaskClub lowered shares of Ross Stores (NASDAQ:ROST) from a buy rating to a hold rating in a research report released on Saturday, BidAskClub reports.

Several other equities research analysts have also recently commented on ROST. Barclays began coverage on Ross Stores in a research note on Tuesday, November 12th. They set an overweight rating and a $124.00 price target for the company. Loop Capital upped their price target on Ross Stores to $125.00 and gave the stock a positive rating in a research note on Friday, November 22nd. Credit Suisse Group upped their price target on Ross Stores from $120.00 to $130.00 and gave the stock an outperform rating in a research note on Friday, October 18th. Wells Fargo & Co cut Ross Stores from an overweight rating to an equal weight rating and set a $125.00 price target for the company. in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada began coverage on Ross Stores in a research note on Monday, November 11th. They set an outperform rating and a $120.00 price target for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $115.95.

Shares of NASDAQ ROST opened at $117.80 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. Ross Stores has a twelve month low of $88.31 and a twelve month high of $122.62. The stock has a 50 day moving average of $116.36 and a two-hundred day moving average of $110.24. The stock has a market cap of $42.23 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.45 and a beta of 0.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.06. Ross Stores had a return on equity of 49.88% and a net margin of 10.47%. The company had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts predict that Ross Stores will post 4.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 0.87%. The ex-dividend date was Thursday, December 5th. Ross Stores’s payout ratio is 23.94%.

Large investors have recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC purchased a new position in Ross Stores in the third quarter worth $33,000. First Financial Corp IN purchased a new position in Ross Stores in the third quarter worth $37,000. Allred Capital Management LLC purchased a new position in Ross Stores in the fourth quarter worth $54,000. CSat Investment Advisory L.P. raised its position in Ross Stores by 632.3% in the second quarter. CSat Investment Advisory L.P. now owns 725 shares of the apparel retailer’s stock worth $72,000 after acquiring an additional 626 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its position in Ross Stores by 12.3% in the third quarter. Benjamin Edwards Inc. now owns 984 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 87.74% 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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