Ross Stores (NASDAQ:ROST)‘s stock had its “conviction-buy” rating reaffirmed by stock analysts at Goldman Sachs Group Inc. in a report issued on Friday, AnalystRatingsNetwork reports.
A number of other analysts have also recently weighed in on ROST. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ross Stores in a research note to investors on Friday. They now have a $81.00 price target on the stock, up previously from $77.00. Separately, analysts at Cowen and Company cut their price target on shares of Ross Stores from $85.00 to $80.00 in a research note to investors on Friday. Finally, analysts at Jefferies Group raised their price target on shares of Ross Stores from $64.00 to $70.00 in a research note to investors on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.43.
Ross Stores (NASDAQ:ROST) traded down 5.89% during mid-day trading on Friday, hitting $75.53. The stock had a trading volume of 7,221,891 shares. Ross Stores has a 52 week low of $52.01 and a 52 week high of $81.99. The stock has a 50-day moving average of $76.29 and a 200-day moving average of $69.45. The company has a market cap of $16.366 billion and a price-to-earnings ratio of 20.86. Ross Stores also saw some unusual options trading activity on Thursday. Investors purchased 6,230 put options on the stock. This is an increase of approximately 974% compared to the typical volume of 580 put options.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.80 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.80. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.42 billion. During the same quarter last year, the company posted $0.72 earnings per share. Ross Stores’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Ross Stores will post $3.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Wednesday, December 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 0.85%. The ex-dividend date of this dividend is Monday, December 9th.
Ross Stores, Inc, along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.
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