Ross Stores (NASDAQ: ROST)‘s stock had its “market perform” rating reaffirmed by investment analysts at BMO Capital Markets in a note issued to investors on Tuesday, Stock Ratings Network.com reports. They currently have a $64.00 price target on the stock. BMO Capital Markets’ target price points to a potential downside of 1.25% from the stock’s previous close.
Ross Stores (NASDAQ: ROST) traded down 0.32% on Tuesday, hitting $64.60. Ross Stores has a 52-week low of $52.01 and a 52-week high of $70.82. The stock’s 50-day moving average is currently $59.45. The company has a market cap of $13.915 billion and a price-to-earnings ratio of 17.67.
Ross Stores (NASDAQ: ROST) last issued its quarterly earnings data on Thursday, May 23rd. The company reported $1.07 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.03. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company posted $0.93 earnings per share. Ross Stores’s revenue was up 7.8% compared to the same quarter last year. Ross Stores has set its Q2 guidance at $0.89-0.93 EPS and its FY14 guidance at $3.70-3.81 EPS. On average, analysts predict that Ross Stores will post $3.88 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Ross Stores in a research note to investors on Tuesday, May 28th. Separately, analysts at Jefferies Group raised their price target on shares of Ross Stores from $58.00 to $59.00 in a research note to investors on Monday, May 27th. They now have a “hold” rating on the stock. Finally, analysts at Sterne Agee raised their EPS on shares of Ross Stores in a research note to investors on Friday, May 24th. They now have a “neutral” rating and a $72.00 price target on the stock. They previously had a $60.00 price target on the stock.
Eleven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.35.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 28th. Investors of record on Tuesday, June 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Friday, June 7th.
Ross Stores, Inc., along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.