Ross Stores, Inc. (NASDAQ:ROST) Analyst Rating Update

Post opening the session at $56.14, the shares hit an intraday low of $55.22 and an intraday high of $56.45 and the price vacillated in this range throughout the day.

Shares of Ross Stores (ROST) slid Friday morning even after off-price retailer reported late Thursday its Q2 sales rose 9% to $2.97 billion, with comparable store sales up 4% over the prior year. Adjusted net income for the quarter increased 9.8% to $258.64 billion from the same period previous year. SunTrust reaffirmed a “buy” rating and issued a $118.00 price target (up previously from $114.00) on shares of Ross Stores in a report on Tuesday, May 19th.

The current quarter EPS consensus estimate is.

Ross Stores ended the quarter with cash and cash equivalents of $630.3 million, long-term debt of $395.8 million and total shareholders’ equity of $2,386.5 million. The stock has a consensus analyst price target of $54.37 and a 52-week trading range of $34.46 to $56.68. The 52-week high of the share price is $55.22 and the company has a market cap of $23,392 million.

The mean analyst 12 month target price for Ross Stores, Inc.

The Street and the crowd are slightly more bullish, modeling consensus earnings of $0.65 per share, on sales of $3.928 billion and $3.916 billion, respectively. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. During last 3 month period, -0.3% of total institutional ownership has changed in the company shares.

However, it expects the metric to drop to 1-2% for the third quarter and 1% for the fourth quarter. (NASDAQ:ROST) a company in the Apparel Stores industry getting a lot of attention at the moment, to assess if it provides value for investors considering buying or selling it. now Ross Stores, Inc.is trading at $53.72 after moving up 0.17% in the previous day of trading. Stockholders of record on Friday, September 4th will be given a $0.1175 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $0.47 annualized dividend and a yield of 0.85%.

Cantor Fitzgerald initiates coverage on Ross Stores, Inc. The dd’s DISCOUNTS shops offers its products at savings of 20% to 70% off discount store regular prices and moderate department each day. Ross offers designer apparel, accessories, footwear, and home fashions for the entire family at everyday savings of 20% to 60% off department and specialty store regular prices. District of Columbia and Guam, and 152 dd 1,210 Ross places in 33 states, the The Ross and dd’s DISCOUNTS stores are supported by five distribution centers. Ross’ target customers are mainly from middle income families.