Shares of Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $169.06.
ROST has been the subject of several recent research reports. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, TD Cowen cut their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th.
Check Out Our Latest Research Report on ROST
Institutional Inflows and Outflows
Ross Stores Price Performance
Shares of ROST stock opened at $149.28 on Friday. The firm has a market cap of $49.25 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.48 and a beta of 1.10. Ross Stores has a 12 month low of $127.53 and a 12 month high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $151.12 and a 200 day moving average price of $147.92.
Ross Stores (NASDAQ:ROST – Get Free Report) last issued its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. Research analysts expect that Ross Stores will post 6.17 EPS for the current year.
Ross Stores Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.
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. 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.
Featured Articles
- Five stocks we like better than Ross Stores
- What Does Downgrade Mean in Investing?
- Bloom Energy: Powering the Future With Decentralized Energy
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul
- How to trade using analyst ratings
- Why Traders Are Buying the Dip on Johnson & Johnson Stock
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.