Ross Stores (NASDAQ:ROST)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks in a research report issued on Friday, February 2nd. SunTrust Banks also issued estimates for Ross Stores’ FY2019 earnings at $3.65 EPS and FY2020 earnings at $4.04 EPS.
A number of other research analysts have also issued reports on the company. Royal Bank of Canada set a $62.00 target price on Ross Stores and gave the company a “hold” rating in a report on Monday, October 30th. Nomura set a $80.00 target price on Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. Buckingham Research reissued a “neutral” rating and issued a $71.00 target price on shares of Ross Stores in a report on Thursday, October 19th. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Finally, Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $74.95.
Ross Stores (ROST) opened at $75.06 on Friday. The stock has a market capitalization of $29,750.00, a P/E ratio of 23.98, a PEG ratio of 2.11 and a beta of 1.06. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Ross Stores has a twelve month low of $52.85 and a twelve month high of $85.66.
Several institutional investors have recently bought and sold shares of ROST. Balentine LLC boosted its position in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares in the last quarter. Cerebellum GP LLC purchased a new stake in Ross Stores during the fourth quarter worth $132,000. Zions Bancorporation boosted its position in Ross Stores by 338.9% during the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after purchasing an additional 1,637 shares in the last quarter. Sit Investment Associates Inc. boosted its position in Ross Stores by 255.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Ross Stores during the fourth quarter worth $159,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.
About Ross Stores
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.
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