Ross Stores, Inc. (ROST) Updates Q4 Earnings Guidance

Ross Stores, Inc. (NASDAQ:ROST) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92.

A number of research firms recently commented on ROST. BMO Capital Markets set a $65.00 price target on Ross Stores and gave the stock a hold rating in a research report on Tuesday, August 8th. MKM Partners increased their price target on Ross Stores from $77.00 to $78.00 and gave the stock a buy rating in a research report on Friday, August 18th. Wolfe Research decreased their price target on Ross Stores from $76.00 to $73.00 and set an outperform rating on the stock in a research report on Friday, August 18th. Cowen and Company restated an outperform rating and set a $55.00 price target on shares of Ross Stores in a research report on Friday, August 18th. Finally, Zacks Investment Research lowered Ross Stores from a buy rating to a hold rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. Ross Stores has a consensus rating of Buy and a consensus target price of $70.21.

Ross Stores, Inc. (NASDAQ:ROST) traded up $0.14 during mid-day trading on Thursday, hitting $64.61. The stock had a trading volume of 3,327,900 shares, compared to its average volume of 2,926,778. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64. The firm has a market cap of $25,330.00, a P/E ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 1.09. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $69.81.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 EPS. analysts predict that Ross Stores, Inc. will post 3.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.99%. Ross Stores’s payout ratio is presently 21.12%.

In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

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Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Earnings History and Estimates for Ross Stores (NASDAQ:ROST)

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