Analysts Set Ross Stores (ROST) Target Price at $82.52

Ross Stores (NASDAQ:ROST) has earned an average rating of “Buy” from the twenty-five research firms that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $82.52.

Several analysts recently issued reports on the company. BidaskClub downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Thursday, April 12th. Susquehanna Bancshares set a $95.00 target price on Ross Stores and gave the company a “buy” rating in a research note on Wednesday, March 7th. Jefferies Group reissued a “hold” rating and set a $73.00 target price on shares of Ross Stores in a research note on Wednesday, March 7th. SunTrust Banks set a $93.00 price target on Ross Stores and gave the company a “buy” rating in a report on Wednesday, March 7th. Finally, Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, March 9th.

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In other news, insider Bernard G. Brautigan sold 18,171 shares of Ross Stores stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $75.71, for a total value of $1,375,726.41. Following the completion of the transaction, the insider now owns 170,718 shares in the company, valued at approximately $12,925,059.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Barbara Rentler sold 15,000 shares of Ross Stores stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $78.25, for a total value of $1,173,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,652 shares of company stock valued at $19,829,016. Company insiders own 2.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in ROST. Dimensional Fund Advisors LP boosted its holdings in shares of Ross Stores by 1.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,135,198 shares of the apparel retailer’s stock worth $73,301,000 after purchasing an additional 16,397 shares during the period. Neuberger Berman Group LLC boosted its holdings in shares of Ross Stores by 0.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 401,156 shares of the apparel retailer’s stock worth $25,903,000 after purchasing an additional 3,212 shares during the period. Aurora Investment Counsel bought a new stake in shares of Ross Stores during the 4th quarter worth approximately $1,999,000. Sit Investment Associates Inc. lifted its stake in shares of Ross Stores by 255.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Ross Stores during the 4th quarter worth approximately $837,000. Hedge funds and other institutional investors own 90.41% of the company’s stock.

Shares of ROST opened at $77.32 on Wednesday. The company has a market cap of $29,817.32, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.94 and a beta of 1.08. Ross Stores has a 12-month low of $52.85 and a 12-month high of $85.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 1.64.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Tuesday, March 6th. The apparel retailer reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.05. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.95 billion. Ross Stores had a return on equity of 44.53% and a net margin of 9.64%. equities analysts expect that Ross Stores will post 4.06 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Monday, March 19th were issued a $0.225 dividend. This is a boost from Ross Stores’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, March 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.16%. Ross Stores’s payout ratio is 26.95%.

Ross Stores declared that its Board of Directors has approved a share buyback program on Tuesday, March 6th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the apparel retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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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 brand names in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd's DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to customers from households with moderate income.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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