MKM Partners upped their target price on shares of Ross Stores (NASDAQ:ROST) from $75.00 to $76.00 in a research note issued on Friday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective indicates a potential upside of 10.92% from the stock’s previous close.

Ross Stores (NASDAQ:ROST) traded up 1.17% on Friday, hitting $69.32. 1,797,727 shares of the company’s stock traded hands. Ross Stores has a 52-week low of $52.01 and a 52-week high of $70.35. The stock’s 50-day moving average is $66.98 and its 200-day moving average is $63.25. The company has a market cap of $15.159 billion and a P/E ratio of 18.69.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.98 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.93 by $0.05. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.52 million. During the same quarter last year, the company posted $0.81 earnings per share. Ross Stores’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Ross Stores will post $3.89 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Ross Stores in a research note to investors on Friday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Ross Stores from $68.00 to $74.00 in a research note to investors on Friday. They now have a “not rated” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Ross Stores from $74.00 to $77.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.

Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $70.47.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Wednesday, September 4th.

Ross Stores, Inc, along with its subsidiaries, operates two brands of off-price retail apparel and home fashion stores.