Several other analysts have also commented on ROST. Deutsche Bank AG restated a buy rating on shares of Ross Stores in a report on Tuesday, June 14th. Miller Tabak initiated coverage on shares of Ross Stores in a report on Friday, June 24th. They set a buy rating and a $66.00 target price for the company. Vetr lowered shares of Ross Stores from a strong-buy rating to a buy rating and set a $60.50 target price for the company. in a report on Monday, June 27th. Cowen and Company lifted their target price on shares of Ross Stores from $61.00 to $63.00 and gave the company an outperform rating in a report on Wednesday, July 13th. Finally, Jefferies Group reiterated a hold rating on shares of Ross Stores in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $65.29.
Shares of Ross Stores (NASDAQ:ROST) traded up 0.14% on Friday, reaching $64.39. The company’s stock had a trading volume of 333,430 shares. Ross Stores has a 12 month low of $43.47 and a 12 month high of $66.28. The stock has a 50 day moving average of $62.97 and a 200-day moving average of $58.48. The firm has a market cap of $25.54 billion, a price-to-earnings ratio of 24.51 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. Ross Stores had a net margin of 8.55% and a return on equity of 42.01%. The business earned $3.18 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the business posted $0.63 earnings per share. Ross Stores’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Ross Stores will post $2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date was Wednesday, August 31st. Ross Stores’s dividend payout ratio (DPR) is 20.53%.
In related news, CEO Barbara Rentler sold 12,840 shares of Ross Stores stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.76, for a total transaction of $818,678.40. Following the transaction, the chief executive officer now owns 542,851 shares in the company, valued at approximately $34,612,179.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Orban sold 56,000 shares of Ross Stores stock in a transaction on Friday, July 8th. The shares were sold at an average price of $57.52, for a total transaction of $3,221,120.00. Following the transaction, the director now owns 506,750 shares in the company, valued at approximately $29,148,260. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Ross Stores by 1.2% in the second quarter. Vanguard Group Inc. now owns 38,030,533 shares of the apparel retailer’s stock valued at $2,155,952,000 after buying an additional 464,766 shares during the last quarter. FMR LLC boosted its stake in shares of Ross Stores by 5.4% in the second quarter. FMR LLC now owns 36,204,880 shares of the apparel retailer’s stock valued at $2,052,454,000 after buying an additional 1,852,111 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Ross Stores by 1.7% in the second quarter. Primecap Management Co. CA now owns 15,296,500 shares of the apparel retailer’s stock valued at $867,159,000 after buying an additional 259,700 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Ross Stores by 4.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 10,995,554 shares of the apparel retailer’s stock valued at $636,643,000 after buying an additional 517,305 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Ross Stores by 3.0% in the second quarter. BlackRock Fund Advisors now owns 6,919,485 shares of the apparel retailer’s stock valued at $392,266,000 after buying an additional 199,563 shares during the last quarter. Institutional investors own 90.21% of the company’s stock.
Ross Stores Company Profile
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.
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