<div id="readability-page-1"><p><span>Ross Stores (NASDAQ:ROST - Get Free Report)</span> had its price target cut by research analysts at Evercore ISI  from $170.00 to $160.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an &#34;outperform&#34; rating on the apparel retailer's stock. Evercore ISI's price target would suggest a potential upside of 22.07% from the company's current price.</p><ul><li>Kohl’s Posts Another Kitchen Sink Quarter, But New CEO Has a Plan</li></ul><p>ROST has been the subject of a number of other reports. BMO Capital Markets cut their price objective on Ross Stores from $168.00 to $156.00 and set an &#34;outperform&#34; rating for the company in a research report on Wednesday, March 5th. Loop Capital reduced their price objective on shares of Ross Stores from $190.00 to $175.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday, March 5th. Wall Street Zen lowered shares of Ross Stores from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday. Wells Fargo &amp; Company lifted their target price on shares of Ross Stores from $150.00 to $155.00 and gave the stock an &#34;overweight&#34; rating in a report on Wednesday, May 14th. Finally, Barclays increased their price target on shares of Ross Stores from $150.00 to $157.00 and gave the company an &#34;overweight&#34; rating in a report on Monday, May 12th. Five analysts have rated the stock with a hold rating, eleven have assigned  a buy rating and one  has assigned  a strong buy rating to the company's stock. According to MarketBeat.com, Ross Stores presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $159.53.</p><p><b>Get Our Latest Stock Analysis on Ross Stores</b></p><h2>Ross Stores Stock Down 13.9%</h2><ul><li>Beyond the Bargain Bin: 3 Stocks Leading Discount Retail</li></ul><p>Shares of NASDAQ:ROST traded down $21.18 during trading on Friday, hitting $131.07. 4,295,296 shares of the company were exchanged, compared to its average volume of 2,659,673. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The stock has a market cap of $43.10 billion, a price-to-earnings ratio of 20.47, a P/E/G ratio of 2.13 and a beta of 1.17. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $137.92 and a two-hundred day moving average price of $142.98. </p><p>Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm's revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.46 earnings per share.  As a group, research analysts anticipate that  Ross Stores will post 6.17 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Ross Stores</h2><ul><li>Dollar Rising: Time to Buy Into Dollar General and Dollar Tree?</li></ul><p>In other Ross Stores news, Chairman Michael Balmuth sold 11,261 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the completion of the transaction, the chairman now owns 59,790 shares of the company's stock, valued at approximately $7,868,364. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, CMO Karen Fleming sold 5,339 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.73, for a total transaction of $671,272.47. Following the completion of the sale, the chief marketing officer now owns 94,063 shares in the company, valued at approximately $11,826,540.99. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,398 shares of company stock valued at $4,439,950. 2.20% of the stock is currently owned by corporate insiders. </p><h2>Hedge Funds Weigh In On Ross Stores</h2><p>Several institutional investors and hedge funds have recently added to or reduced their stakes in ROST. Larson Financial Group LLC grew its stake in shares of  Ross Stores by 152.9% during the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after buying an additional 107 shares during the last quarter.  Golden State Wealth Management LLC boosted its holdings in shares of  Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after acquiring an additional 73 shares in the last quarter.  Banque Transatlantique SA bought a new stake in  Ross Stores during the 1st quarter worth $29,000.  BOK Financial Private Wealth Inc. acquired a new position in  Ross Stores in the 4th quarter worth about $31,000.  Finally, Bayforest Capital Ltd boosted its stake in shares of  Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own  86.86% of the company's stock. </p><h2>About Ross Stores</h2> (Get Free Report)<p>Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Ross Stores</li><li>What is a Special Dividend?</li><li>Advance Auto Parts Jumps on Surprise Earnings Beat</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>DraftKings' March Madness Miss: Wall Street Sees +50% Upside</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>Costco Stock at $1K: Dominance or Danger Zone?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Uk9TVA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Uk9TVA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ross Stores Right Now?</h2><p>Before you consider Ross Stores, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ross Stores wasn't on the list.</p><p>While Ross Stores currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

ROST

<p>Evercore ISI has lowered its price target for Ross Stores (NASDAQ: ROST) from $170.00 to $160.00 while maintaining an "outperform" rating. This suggests a potential upside of 22.07% from the current price. Other analysts have also adjusted their ratings, with a consensus rating of "Moderate Buy" and a price target of $159.53. Ross Stores' stock recently traded down to $131.07, with a market cap of $43.10 billion and a P/E ratio of 20.47. The company reported earnings of $1.47 per share, exceeding estimates.</p>

Evercore ISI Cuts Ross Stores (NASDAQ:ROST) Price Target to $160.00