Analysts Anticipate Ross Stores, Inc. (NASDAQ:ROST) to Announce $1.12 EPS

Equities analysts expect Ross Stores, Inc. (NASDAQ:ROST) to post earnings per share of $1.12 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Ross Stores’ earnings. The highest EPS estimate is $1.14 and the lowest is $1.11. Ross Stores reported earnings per share of $1.04 in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The company is expected to announce its next earnings results on Thursday, August 22nd.

On average, analysts expect that Ross Stores will report full-year earnings of $4.51 per share for the current year, with EPS estimates ranging from $4.44 to $4.55. For the next year, analysts forecast that the company will report earnings of $4.96 per share, with EPS estimates ranging from $4.75 to $5.12. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.01. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.79 billion. Ross Stores had a return on equity of 48.92% and a net margin of 10.47%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 EPS.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Ross Stores from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $105.00 price target on shares of Ross Stores in a research note on Friday, May 24th. Goldman Sachs Group downgraded Ross Stores from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $102.00 to $91.00 in a research note on Thursday, June 27th. Finally, Telsey Advisory Group cut Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 target price for the company. in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $98.64.

In other news, insider James S. Fassio sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $103.38, for a total value of $6,202,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Balmuth sold 81,049 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $92.87, for a total transaction of $7,527,020.63. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,049 shares of company stock worth $17,696,221. 2.30% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its position in Ross Stores by 11.7% during the fourth quarter. Advisor Group Inc. now owns 35,082 shares of the apparel retailer’s stock valued at $2,921,000 after acquiring an additional 3,663 shares during the last quarter. Accident Compensation Corp purchased a new position in Ross Stores during the 1st quarter worth approximately $205,000. Trellis Advisors LLC acquired a new stake in shares of Ross Stores during the 1st quarter worth approximately $218,000. Cetera Advisor Networks LLC grew its stake in shares of Ross Stores by 440.8% during the 4th quarter. Cetera Advisor Networks LLC now owns 13,027 shares of the apparel retailer’s stock worth $1,083,000 after purchasing an additional 10,618 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in Ross Stores by 1.3% in the 1st quarter. State of Alaska Department of Revenue now owns 180,979 shares of the apparel retailer’s stock valued at $16,848,000 after acquiring an additional 2,324 shares during the period. 89.62% of the stock is owned by institutional investors and hedge funds.

NASDAQ ROST traded up $0.48 on Tuesday, reaching $102.06. The stock had a trading volume of 84,724 shares, compared to its average volume of 2,479,938. Ross Stores has a 1 year low of $75.91 and a 1 year high of $105.31. The firm has a 50 day simple moving average of $98.32. The company has a market capitalization of $36.96 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 2.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.34 and a quick ratio of 0.64.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Monday, June 10th. Ross Stores’s dividend payout ratio is currently 23.94%.

Ross Stores Company Profile

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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