Ross Stores, Inc. (ROST) to Distribute Quarterly Dividend of $0.45 on September 30th

Ross Stores, Inc. (NASDAQ:ROST) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Tuesday, September 8th will be given a dividend of 0.445 per share by the apparel retailer on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th.

Ross Stores has raised its dividend payment by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 6 years. Ross Stores has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ross Stores to earn $8.89 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 20.0%.

Ross Stores Trading Down 0.4%

ROST opened at $230.69 on Friday. The stock has a market capitalization of $73.69 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 0.85. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores has a 12 month low of $143.39 and a 12 month high of $257.00. The firm’s fifty day simple moving average is $234.52 and its 200 day simple moving average is $224.71.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The company’s revenue was up 13.3% on a year-over-year basis. As a group, research analysts anticipate that Ross Stores will post 8.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ross Stores

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new position in Ross Stores during the fourth quarter worth $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores in the 4th quarter valued at about $31,000. Virtus Advisers LLC bought a new position in shares of Ross Stores in the 4th quarter valued at about $32,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ross Stores during the 4th quarter worth about $38,000. Finally, Twin Lakes Capital Management LLC acquired a new position in shares of Ross Stores during the 2nd quarter worth about $41,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Company Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.