Ross Stores (ROST) Stock Rating Reaffirmed by SunTrust Banks

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.

Ross Stores (NASDAQ:ROST) last released its earnings results 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company’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 company posted $0.62 earnings per share. sell-side analysts forecast that Ross Stores will post 3.29 EPS for the current year.

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.

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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.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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