Ross Stores, Inc. (NASDAQ:ROST) Receives $155.11 Consensus Price Target from Analysts

Ross Stores, Inc. (NASDAQ:ROSTGet Free Report) has received an average rating of “Moderate Buy” from the eighteen brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $155.11.

Several equities analysts recently weighed in on ROST shares. Loop Capital increased their price objective on shares of Ross Stores from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Barclays lifted their price objective on Ross Stores from $160.00 to $163.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $160.00 target price on shares of Ross Stores in a research note on Friday, May 17th. TD Cowen boosted their target price on Ross Stores from $144.00 to $169.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Finally, UBS Group increased their price target on shares of Ross Stores from $142.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th.

Get Our Latest Report on ROST

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 21,056 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $145.14, for a total transaction of $3,056,067.84. Following the sale, the chief operating officer now directly owns 114,488 shares of the company’s stock, valued at approximately $16,616,788.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Patricia H. Mueller sold 2,265 shares of the firm’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $145.38, for a total value of $329,285.70. Following the completion of the transaction, the director now directly owns 1,914 shares of the company’s stock, valued at $278,257.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael J. Hartshorn sold 21,056 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $145.14, for a total transaction of $3,056,067.84. Following the sale, the chief operating officer now directly owns 114,488 shares in the company, valued at $16,616,788.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,097 shares of company stock worth $10,396,178. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ROST. Riverview Trust Co bought a new position in Ross Stores during the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Ross Stores in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its stake in shares of Ross Stores by 52.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 83 shares during the period. Raleigh Capital Management Inc. increased its holdings in shares of Ross Stores by 41.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 74 shares during the last quarter. Finally, Clearstead Advisors LLC raised its stake in Ross Stores by 458.0% in the 3rd quarter. Clearstead Advisors LLC now owns 279 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 229 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 0.3 %

NASDAQ ROST opened at $131.86 on Tuesday. The stock has a market capitalization of $44.40 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. Ross Stores has a 52 week low of $100.66 and a 52 week high of $151.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.24 and a current ratio of 1.77. The stock has a fifty day moving average of $136.91 and a 200-day moving average of $137.42.

Ross Stores (NASDAQ:ROSTGet Free Report) last posted its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.11. Ross Stores had a return on equity of 41.15% and a net margin of 9.20%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the business earned $1.09 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts forecast that Ross Stores will post 5.88 EPS for the current year.

Ross Stores announced that its Board of Directors has approved a share buyback program on Tuesday, March 5th that allows the company to repurchase $2.10 billion in outstanding shares. This repurchase authorization allows the apparel retailer to reacquire up to 4.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be issued a dividend of $0.3675 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.11%. Ross Stores’s payout ratio is presently 26.44%.

Ross Stores Company Profile

(Get Free Report

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. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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