Ross Stores (NASDAQ:ROST – Get Rating) was upgraded by stock analysts at Loop Capital from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, The Fly reports.
Several other equities analysts have also recently issued reports on ROST. Credit Suisse Group restated an “outperform” rating and set a $123.00 target price on shares of Ross Stores in a research note on Wednesday, March 1st. Wells Fargo & Company raised their price target on Ross Stores from $120.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, December 20th. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 target price on shares of Ross Stores in a research note on Wednesday, March 1st. The Goldman Sachs Group lifted their target price on Ross Stores from $119.00 to $134.00 and gave the company a “buy” rating in a research note on Monday, December 12th. Finally, StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Friday, March 10th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $118.59.
Ross Stores Price Performance
ROST opened at $104.14 on Wednesday. The firm has a 50-day moving average price of $113.32 and a 200-day moving average price of $105.04. The company has a market capitalization of $35.86 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.97 and a beta of 0.98. Ross Stores has a twelve month low of $69.24 and a twelve month high of $122.44. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.57.
Ross Stores (NASDAQ:ROST – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The apparel retailer reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.08. Ross Stores had a net margin of 8.09% and a return on equity of 36.40%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same period in the previous year, the business posted $1.04 EPS. The business’s quarterly revenue was up 3.9% on a year-over-year basis. Equities analysts expect that Ross Stores will post 4.92 EPS for the current year.
Insider Transactions at Ross Stores
In other Ross Stores news, COO Michael J. Hartshorn sold 20,529 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $112.37, for a total transaction of $2,306,843.73. Following the transaction, the chief operating officer now owns 127,659 shares of the company’s stock, valued at approximately $14,345,041.83. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.90% of the company’s stock.
Institutional Trading of Ross Stores
Several large investors have recently added to or reduced their stakes in the business. Accurate Wealth Management LLC bought a new stake in shares of Ross Stores during the 4th quarter worth $25,000. Core Alternative Capital boosted its position in shares of Ross Stores by 59.7% in the third quarter. Core Alternative Capital now owns 321 shares of the apparel retailer’s stock worth $27,000 after buying an additional 120 shares during the period. Arlington Partners LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $28,000. Resurgent Financial Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $29,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $30,000. 89.07% of the stock is currently owned by institutional investors and hedge funds.
About Ross Stores
Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.