Ross Stores (ROST) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of Ross Stores (NASDAQ:ROST) from a hold rating to a sell rating in a research report sent to investors on Friday.

A number of other equities analysts also recently weighed in on the company. Loop Capital upped their price target on Ross Stores from $100.00 to $110.00 and gave the stock a buy rating in a research report on Wednesday, October 3rd. Goldman Sachs Group started coverage on Ross Stores in a research report on Monday, September 3rd. They set a neutral rating and a $104.00 price target for the company. DA Davidson started coverage on Ross Stores in a research report on Tuesday, September 25th. They set a neutral rating and a $96.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Ross Stores from $98.00 to $96.00 and set an overweight rating for the company in a research report on Friday, August 24th. Finally, Cowen set a $101.00 price target on Ross Stores and gave the stock a buy rating in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $96.12.

NASDAQ ROST opened at $80.36 on Friday. Ross Stores has a 52-week low of $70.84 and a 52-week high of $104.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 0.85. The company has a market cap of $30.48 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.98.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts expect that Ross Stores will post 4.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, December 6th. Ross Stores’s payout ratio is presently 26.95%.

In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction on Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the sale, the director now directly owns 25,127 shares of the company’s stock, valued at approximately $2,384,552.30. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ROST. Bessemer Group Inc. lifted its holdings in Ross Stores by 856.6% during the 3rd quarter. Bessemer Group Inc. now owns 1,014 shares of the apparel retailer’s stock valued at $101,000 after purchasing an additional 908 shares during the last quarter. Capital Bank & Trust Co lifted its holdings in Ross Stores by 210.0% during the 3rd quarter. Capital Bank & Trust Co now owns 1,085 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 735 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in Ross Stores during the 3rd quarter valued at $115,000. NuWave Investment Management LLC lifted its holdings in Ross Stores by 168.7% during the 2nd quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Ross Stores by 64.5% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock valued at $152,000 after purchasing an additional 600 shares during the last quarter. 88.44% of the stock is 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 in the United States. It 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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