Ross Stores, Inc. (NASDAQ:ROST) has been given an average recommendation of “Buy” by the twenty-three research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $70.33.

A number of research analysts have weighed in on the company. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price target on shares of Ross Stores in a research note on Monday, September 18th. Wolfe Research reduced their price target on Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $65.00 price target on Ross Stores and gave the stock a “hold” rating in a research note on Tuesday, August 8th. Finally, Bank of America Corporation reissued a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research note on Sunday, August 20th.

In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FineMark National Bank & Trust lifted its holdings in Ross Stores by 17.0% in the third quarter. FineMark National Bank & Trust now owns 10,195 shares of the apparel retailer’s stock worth $658,000 after acquiring an additional 1,482 shares during the last quarter. IFP Advisors Inc lifted its holdings in Ross Stores by 80.0% in the third quarter. IFP Advisors Inc now owns 9,573 shares of the apparel retailer’s stock worth $618,000 after acquiring an additional 4,256 shares during the last quarter. BP PLC bought a new position in Ross Stores in the third quarter worth about $2,905,000. Hallmark Capital Management Inc. lifted its holdings in Ross Stores by 1.6% in the third quarter. Hallmark Capital Management Inc. now owns 239,877 shares of the apparel retailer’s stock worth $15,489,000 after acquiring an additional 3,677 shares during the last quarter. Finally, Westpac Banking Corp lifted its holdings in Ross Stores by 561.4% in the third quarter. Westpac Banking Corp now owns 175,646 shares of the apparel retailer’s stock worth $11,341,000 after acquiring an additional 149,090 shares during the last quarter. 90.38% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores (ROST) traded down 0.63% during midday trading on Wednesday, hitting $63.42. The company had a trading volume of 2,159,635 shares. The stock’s 50-day moving average price is $63.24 and its 200-day moving average price is $60.38. The stock has a market cap of $24.45 billion, a PE ratio of 20.94 and a beta of 1.13. Ross Stores has a 52-week low of $52.85 and a 52-week high of $69.81.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company earned $0.71 EPS. Ross Stores’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Ross Stores will post $3.23 EPS for the current fiscal year.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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