Ross Stores, Inc. (ROST) Given Average Recommendation of “Buy” by Analysts

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Ross Stores, Inc. (NASDAQ:ROST) has been given a consensus rating of “Buy” by the thirty-one ratings firms that are covering the firm, MarketBeat reports. Twelve analysts have rated the stock with a hold recommendation and nineteen have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $95.58.

Several research firms recently issued reports on ROST. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Thursday, January 10th. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, January 23rd. Loop Capital set a $100.00 target price on Ross Stores and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Cowen set a $110.00 target price on Ross Stores and gave the stock a “buy” rating in a research note on Tuesday, November 20th. Finally, Jefferies Financial Group set a $86.00 target price on Ross Stores and gave the stock a “hold” rating in a research note on Tuesday, November 20th.

Shares of NASDAQ:ROST traded up $0.88 on Tuesday, reaching $95.01. 43,074 shares of the company traded hands, compared to its average volume of 2,378,954. Ross Stores has a 52 week low of $73.76 and a 52 week high of $104.35. The stock has a market capitalization of $34.69 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The company had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. Ross Stores’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. As a group, research analysts predict that Ross Stores will post 4.2 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in ROST. Bollard Group LLC bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $25,000. Athena Capital Advisors LLC bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $29,000. Moody National Bank Trust Division bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $30,000. Legacy Financial Advisors Inc. increased its position in shares of Ross Stores by 114.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock valued at $34,000 after acquiring an additional 220 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 92.27% 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 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 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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