Barclays Raises Ross Stores (NASDAQ:ROST) Price Target to $221.00

Ross Stores (NASDAQ:ROSTGet Free Report) had its price objective upped by stock analysts at Barclays from $205.00 to $221.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the apparel retailer’s stock. Barclays‘s price objective points to a potential upside of 11.82% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research note on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. The Goldman Sachs Group increased their price objective on Ross Stores from $190.00 to $214.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Finally, Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.67.

View Our Latest Analysis on Ross Stores

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $197.64 on Monday. The company’s fifty day moving average is $191.34 and its two-hundred day moving average is $170.94. The company has a market cap of $63.93 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97. Ross Stores has a 12-month low of $122.36 and a 12-month high of $206.40. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROSTGet Free Report) last announced its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the prior year, the business earned $1.65 EPS. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts expect that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Institutional Trading of Ross Stores

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aspect Partners LLC raised its stake in shares of Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 146 shares in the last quarter. American National Bank & Trust bought a new stake in Ross Stores during the third quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Ross Stores by 7,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 140 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores in the fourth quarter valued at approximately $26,000. Finally, Grey Fox Wealth Advisors LLC bought a new position in shares of Ross Stores in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Key Ross Stores News

Here are the key news stories impacting Ross Stores this week:

About Ross Stores

(Get Free Report)

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

Featured Stories

Analyst Recommendations for Ross Stores (NASDAQ:ROST)

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.