Investment analysts at FBR Capital Markets lifted their price target on shares of Ross Stores (NASDAQ:ROST) from $77.00 to $80.00 in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price would indicate a potential downside of 0.32% from the company’s current price.
A number of other analysts have also recently weighed in on ROST. Analysts at UBS AG raised their price target on shares of Ross Stores to $90.00 in a research note to investors on Wednesday. Finally, analysts at Telsey Advisory Group raised their price target on shares of Ross Stores from $74.00 to $83.00 in a research note to investors on Tuesday. They now have a “not rated” rating on the stock. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $73.50.
Ross Stores (NASDAQ:ROST) opened at 80.26 on Friday. Ross Stores has a 1-year low of $52.01 and a 1-year high of $81.99. The stock’s 50-day moving average is $76.29 and its 200-day moving average is $69.45. The company has a market cap of $17.391 billion and a P/E ratio of 21.13. Ross Stores also was the recipient of unusually large options trading activity on Thursday. Traders bought 6,230 put options on the company. This represents an increase of 974% compared to the average volume of 580 put options.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 21st. The company reported $0.80 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Ross Stores will post $3.94 EPS 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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