Ross Stores (NASDAQ:ROST)‘s stock had its “outperform” rating reaffirmed by stock analysts at Cowen in a research report issued to clients and investors on Thursday, The Fly reports. They currently have a $145.00 price objective on the apparel retailer’s stock, up from their previous price objective of $131.00. Cowen’s price objective suggests a potential upside of 18.73% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. MKM Partners boosted their target price on Ross Stores from $114.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Guggenheim boosted their target price on Ross Stores from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. UBS Group boosted their target price on Ross Stores from $104.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. Barclays started coverage on Ross Stores in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $124.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Ross Stores in a research report on Monday, November 11th. They issued an “outperform” rating and a $120.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. Ross Stores currently has an average rating of “Buy” and a consensus price target of $115.95.
NASDAQ:ROST opened at $122.13 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $42.64 billion, a P/E ratio of 28.67, a P/E/G ratio of 2.48 and a beta of 0.81. Ross Stores has a 12 month low of $87.41 and a 12 month high of $122.62. The business’s 50-day moving average is $115.30 and its 200 day moving average is $109.17.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.77 billion. Ross Stores had a return on equity of 49.88% and a net margin of 10.47%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share. On average, research analysts forecast that Ross Stores will post 4.57 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. Prime Capital Investment Advisors LLC purchased a new stake in Ross Stores during the third quarter valued at approximately $33,000. First Financial Corp IN bought a new position in shares of Ross Stores during the third quarter valued at approximately $37,000. Compagnie Lombard Odier SCmA grew its stake in shares of Ross Stores by 27.3% during the second quarter. Compagnie Lombard Odier SCmA now owns 629 shares of the apparel retailer’s stock valued at $62,000 after buying an additional 135 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Ross Stores by 632.3% during the second quarter. CSat Investment Advisory L.P. now owns 725 shares of the apparel retailer’s stock valued at $72,000 after buying an additional 626 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Ross Stores by 12.3% during the third quarter. Benjamin Edwards Inc. now owns 984 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 87.83% 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. Its stores 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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