Investors Buy Ross Stores (ROST) on Weakness

Investors bought shares of Ross Stores, Inc. (NASDAQ:ROST) on weakness during trading on Monday. $83.38 million flowed into the stock on the tick-up and $23.66 million flowed out of the stock on the tick-down, for a money net flow of $59.72 million into the stock. Of all stocks tracked, Ross Stores had the 21st highest net in-flow for the day. Ross Stores traded down ($0.75) for the day and closed at $81.22

Several brokerages recently commented on ROST. BidaskClub raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Cowen set a $78.00 target price on shares of Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Jefferies Group set a $66.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Buckingham Research lifted their target price on shares of Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Finally, BMO Capital Markets lifted their target price on shares of Ross Stores from $65.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, November 17th. Nine equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $73.71.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. The firm has a market capitalization of $31,040.00, a price-to-earnings ratio of 25.95, a PEG ratio of 2.50 and a beta of 1.14.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.62 EPS. equities analysts predict that Ross Stores, Inc. will post 3.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, November 30th. Ross Stores’s dividend payout ratio is currently 20.45%.

Large investors have recently modified their holdings of the company. Balentine LLC raised its position in shares of Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 5 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. Zions Bancorporation raised its position in shares of Ross Stores by 338.9% in the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock valued at $137,000 after buying an additional 1,637 shares in the last quarter. Sun Life Financial INC raised its position in shares of Ross Stores by 20,314.3% in the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after buying an additional 2,844 shares in the last quarter. Finally, Cadinha & Co. LLC acquired a new position in shares of Ross Stores in the 3rd quarter valued at approximately $211,000. Institutional investors own 91.43% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Investors Buy Ross Stores (ROST) on Weakness” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.com-unik.info/2018/01/08/investors-buy-ross-stores-rost-on-weakness.html.

Ross Stores Company Profile

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.

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit