Ross Stores, Inc. (ROST) Downgraded by BidaskClub

BidaskClub downgraded shares of Ross Stores, Inc. (NASDAQ:ROST) from a sell rating to a strong sell rating in a research note released on Saturday.

Several other research firms have also weighed in on ROST. Royal Bank Of Canada set a $70.00 target price on shares of Ross Stores and gave the stock a hold rating in a report on Tuesday, February 28th. BMO Capital Markets increased their target price on shares of Ross Stores from $65.00 to $72.00 and gave the stock a market perform rating in a report on Wednesday, March 1st. Instinet increased their target price on shares of Ross Stores from $70.00 to $74.00 and gave the stock a buy rating in a report on Wednesday, March 1st. Wedbush increased their target price on shares of Ross Stores from $71.00 to $73.00 and gave the stock an outperform rating in a report on Wednesday, March 1st. Finally, Jefferies Group LLC increased their target price on shares of Ross Stores from $59.00 to $63.00 and gave the stock a hold rating in a report on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $69.82.

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Ross Stores (NASDAQ ROST) traded down 1.36% on Friday, hitting $60.08. The company’s stock had a trading volume of 4,407,508 shares. The company has a market capitalization of $23.38 billion, a P/E ratio of 20.58 and a beta of 1.07. The company has a 50 day moving average price of $63.02 and a 200-day moving average price of $65.62. Ross Stores has a 1-year low of $52.75 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. On average, equities analysts forecast that Ross Stores will post $3.16 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Tuesday, June 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, June 2nd. Ross Stores’s dividend payout ratio (DPR) is currently 21.92%.

In related news, VP John G. Call sold 15,243 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $65.83, for a total value of $1,003,446.69. Following the completion of the transaction, the vice president now owns 156,572 shares of the company’s stock, valued at $10,307,134.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Michael J. Hartshorn sold 3,360 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $67.11, for a total transaction of $225,489.60. Following the completion of the transaction, the vice president now directly owns 68,546 shares of the company’s stock, valued at approximately $4,600,122.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,632 shares of company stock valued at $9,725,921. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America increased its position in shares of Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares during the period. Alpha Windward LLC increased its position in shares of Ross Stores by 0.8% in the first quarter. Alpha Windward LLC now owns 2,974 shares of the apparel retailer’s stock worth $196,000 after buying an additional 23 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Ross Stores by 0.8% in the first quarter. Cullen Frost Bankers Inc. now owns 5,141 shares of the apparel retailer’s stock worth $339,000 after buying an additional 41 shares during the period. Bessemer Group Inc. increased its position in shares of Ross Stores by 0.4% in the fourth quarter. Bessemer Group Inc. now owns 20,176 shares of the apparel retailer’s stock worth $1,323,000 after buying an additional 82 shares during the period. Finally, Roundview Capital LLC increased its position in shares of Ross Stores by 0.5% in the fourth quarter. Roundview Capital LLC now owns 15,670 shares of the apparel retailer’s stock worth $1,028,000 after buying an additional 82 shares during the period. 90.32% of the stock is owned by institutional investors.

Ross Stores Company Profile

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.

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