Ross Stores (NASDAQ:ROST) Price Target Increased to $105.00 by Analysts at Cfra

Ross Stores (NASDAQ:ROST) had its target price boosted by Cfra from $100.00 to $105.00 in a research report report published on Friday morning, Benzinga reports. Cfra currently has a buy rating on the apparel retailer’s stock.

Several other equities research analysts have also issued reports on the stock. Nomura Instinet raised their price target on shares of Ross Stores from $80.00 to $100.00 and gave the stock a neutral rating in a research note on Monday, May 11th. BMO Capital Markets decreased their price target on shares of Ross Stores from $130.00 to $125.00 and set an outperform rating for the company in a research note on Wednesday, March 4th. UBS Group decreased their price target on shares of Ross Stores from $124.00 to $86.00 and set a neutral rating for the company in a research note on Thursday, April 30th. Odeon Capital Group started coverage on shares of Ross Stores in a research note on Thursday, January 23rd. They set a sell rating and a $105.00 price target for the company. Finally, Morgan Stanley restated a buy rating and set a $105.00 price target on shares of Ross Stores in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. Ross Stores has an average rating of Buy and a consensus target price of $108.54.

Shares of Ross Stores stock traded down $2.99 during mid-day trading on Friday, hitting $93.88. 5,320,136 shares of the stock were exchanged, compared to its average volume of 2,676,213. Ross Stores has a 12 month low of $56.30 and a 12 month high of $124.16. The company has a 50-day simple moving average of $87.44 and a 200 day simple moving average of $104.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.59 and a current ratio of 1.27. The company has a market capitalization of $34.43 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.79 and a beta of 0.80.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.86). Ross Stores had a return on equity of 34.38% and a net margin of 6.63%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business earned $1.15 EPS. The company’s revenue for the quarter was down 51.4% on a year-over-year basis. Analysts predict that Ross Stores will post 2.55 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in Ross Stores by 0.3% during the first quarter. HighTower Advisors LLC now owns 58,439 shares of the apparel retailer’s stock worth $5,057,000 after acquiring an additional 191 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Ross Stores by 265.2% in the first quarter. APG Asset Management N.V. now owns 401,017 shares of the apparel retailer’s stock worth $34,876,000 after buying an additional 291,208 shares in the last quarter. Marshfield Associates lifted its stake in shares of Ross Stores by 80.7% in the first quarter. Marshfield Associates now owns 1,351,646 shares of the apparel retailer’s stock worth $117,553,000 after buying an additional 603,570 shares in the last quarter. Prestige Wealth Management Group LLC lifted its stake in shares of Ross Stores by 13.9% in the first quarter. Prestige Wealth Management Group LLC now owns 1,863 shares of the apparel retailer’s stock worth $161,000 after buying an additional 228 shares in the last quarter. Finally, Tenzing Global Management LLC bought a new position in shares of Ross Stores in the first quarter worth approximately $3,479,000. 86.38% of the stock is currently owned by institutional investors and hedge funds.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Analyst Recommendations for Ross Stores (NASDAQ:ROST)

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