Brokerages Set Ross Stores, Inc. (NASDAQ:ROST) Target Price at $169.06

Shares of Ross Stores, Inc. (NASDAQ:ROST - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $169.06.

ROST has been the topic of a number of recent research reports. Guggenheim restated a "buy" rating and issued a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. TD Cowen dropped their target price on shares of Ross Stores from $185.00 to $177.00 and set a "buy" rating on the stock in a report on Tuesday, November 19th. Wells Fargo & Company restated an "equal weight" rating and issued a $165.00 target price on shares of Ross Stores in a report on Friday, January 10th. Morgan Stanley reiterated an "equal weight" rating and issued a $140.00 price target (down from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Finally, Evercore ISI raised their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd.

Ross Stores Trading Down 1.7 %

ROST stock traded down $2.38 during trading on Thursday, reaching $136.71. The company had a trading volume of 984,333 shares, compared to its average volume of 2,261,770. Ross Stores has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a market cap of $45.11 billion, a P/E ratio of 21.55, a PEG ratio of 2.14 and a beta of 1.10. The business has a 50 day moving average of $148.27 and a 200 day moving average of $147.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. As a group, sell-side analysts forecast that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ross Stores

Institutional investors and hedge funds have recently made changes to their positions in the business. Peapack Gladstone Financial Corp raised its holdings in shares of Ross Stores by 1.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer's stock valued at $588,000 after purchasing an additional 70 shares in the last quarter. Howe & Rusling Inc. raised its holdings in shares of Ross Stores by 1.9% in the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer's stock valued at $600,000 after purchasing an additional 73 shares in the last quarter. Forum Financial Management LP raised its holdings in shares of Ross Stores by 5.3% in the 4th quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer's stock valued at $223,000 after purchasing an additional 74 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer's stock valued at $71,000 after purchasing an additional 76 shares in the last quarter. Finally, Alhambra Investment Management LLC raised its holdings in shares of Ross Stores by 5.2% in the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer's stock valued at $234,000 after purchasing an additional 76 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

About Ross Stores

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.