Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Ross Stores in a research note to investors on Tuesday. They now have a $67.00 price target on the stock. Separately, analysts at Piper Jaffray cut their price target on shares of Ross Stores to $71.00 in a research note to investors on Thursday, March 7th. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Ross Stores in a research note to investors on Tuesday, March 5th. They now have a $55.00 price target on the stock.
Shares of Ross Stores traded up 1.27% during mid-day trading on Thursday, hitting $55.99. Ross Stores has a one year low of $52.01 and a one year high of $70.82. The stock’s 50-day moving average is currently $58.82. The company has a market cap of $12.451 billion and a P/E ratio of 16.69.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 29th. Investors of record on Friday, February 22nd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Wednesday, February 20th. This is an increase from Ross Stores’s previous quarterly dividend of $0.14.
Ross Stores, Inc., along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.
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