Ross Stores’ (ROST) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Ross Stores (NASDAQ:ROST) in a research report sent to investors on Monday morning,Benzinga reports. They currently have a $175.00 price objective on the apparel retailer’s stock.

Several other research firms also recently issued reports on ROST. UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Robert W. Baird boosted their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and decreased their target price for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Morgan Stanley upped their target price on shares of Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.50.

Ross Stores Stock Up 0.0 %

ROST stock opened at $139.32 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $46.22 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.36 and a beta of 1.09. The company’s 50-day moving average price is $145.52 and its 200 day moving average price is $144.44. Ross Stores has a 52 week low of $127.53 and a 52 week high of $163.60.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 earnings per share. On average, research analysts expect that Ross Stores will post 6.11 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.06%. Ross Stores’s payout ratio is 23.71%.

Insider Transactions at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. The trade was a 13.55 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Ross Stores

Institutional investors and hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank grew its holdings in shares of Ross Stores by 6.1% in the 3rd quarter. Toronto Dominion Bank now owns 177,622 shares of the apparel retailer’s stock worth $26,734,000 after purchasing an additional 10,175 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Ross Stores by 6.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 18,806 shares of the apparel retailer’s stock worth $2,827,000 after acquiring an additional 1,085 shares during the last quarter. Geode Capital Management LLC grew its holdings in Ross Stores by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after acquiring an additional 34,475 shares during the last quarter. Marshfield Associates grew its holdings in Ross Stores by 0.4% during the 3rd quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after acquiring an additional 14,193 shares during the last quarter. Finally, PYA Waltman Capital LLC grew its holdings in Ross Stores by 1.5% during the 3rd quarter. PYA Waltman Capital LLC now owns 128,540 shares of the apparel retailer’s stock worth $19,347,000 after acquiring an additional 1,861 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.