Shares of Ross Stores, Inc. (NASDAQ:ROST - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $147.38 and traded as high as $152.26. Ross Stores shares last traded at $151.50, with a volume of 1,703,041 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on ROST shares. Guggenheim reaffirmed a "buy" rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. TD Cowen lowered 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 cut their price target on shares of Ross Stores from $175.00 to $165.00 and set an "overweight" rating for the company in a research note on Thursday, November 14th. Telsey Advisory Group reissued a "market perform" rating and issued a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. Finally, Citigroup cut shares of Ross Stores from a "buy" rating to a "neutral" rating and dropped their target price for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $171.69.
Get Our Latest Analysis on Ross Stores
Ross Stores Stock Down 0.2 %
The firm has a 50-day simple moving average of $147.72 and a two-hundred day simple moving average of $147.42. The stock has a market cap of $49.91 billion, a P/E ratio of 23.82, a PEG ratio of 2.54 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the firm earned $1.33 earnings per share. Ross Stores's revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.
Ross Stores Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.3675 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.97%. Ross Stores's dividend payout ratio (DPR) is presently 23.15%.
Institutional Trading of Ross Stores
A number of institutional investors have recently modified their holdings of the stock. Algert Global LLC lifted its holdings in shares of Ross Stores by 917.2% during the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer's stock worth $4,440,000 after acquiring an additional 26,598 shares during the period. Quantinno Capital Management LP raised its position in Ross Stores by 48.8% during the third quarter. Quantinno Capital Management LP now owns 49,523 shares of the apparel retailer's stock valued at $7,454,000 after purchasing an additional 16,248 shares in the last quarter. Retirement Systems of Alabama lifted its stake in Ross Stores by 251.7% during the third quarter. Retirement Systems of Alabama now owns 260,126 shares of the apparel retailer's stock worth $39,152,000 after purchasing an additional 186,161 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Ross Stores by 24.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 20,307 shares of the apparel retailer's stock valued at $2,967,000 after purchasing an additional 4,008 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Ross Stores by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer's stock valued at $397,747,000 after purchasing an additional 254,720 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.
About Ross Stores
(
Get Free Report)
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.
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