Wall Street brokerages expect Ross Stores, Inc. (NASDAQ:ROST) to post earnings of $1.12 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Ross Stores’ earnings, with the highest EPS estimate coming in at $1.15 and the lowest estimate coming in at $1.07. Ross Stores posted earnings per share of $0.98 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The company is expected to report its next earnings results on Tuesday, March 5th.

On average, analysts expect that Ross Stores will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $4.05 to $4.21. For the next year, analysts forecast that the business will post earnings of $4.47 per share, with EPS estimates ranging from $4.30 to $4.65. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period in the prior year, the firm posted $0.72 EPS. The business’s revenue was up 6.6% compared to the same quarter last year.

ROST has been the topic of several research reports. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. Morgan Stanley dropped their target price on Ross Stores from $99.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 23rd. SunTrust Banks increased their price objective on Ross Stores to $103.00 and gave the company a “buy” rating in a report on Friday, August 24th. Finally, Loop Capital increased their price objective on Ross Stores from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.12.

In related news, CEO Barbara Rentler sold 20,000 shares of the stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in Ross Stores by 9.0% during the 3rd quarter. Advisory Services Network LLC now owns 6,441 shares of the apparel retailer’s stock valued at $638,000 after purchasing an additional 533 shares during the period. Stratos Wealth Partners LTD. boosted its stake in Ross Stores by 8.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,516 shares of the apparel retailer’s stock valued at $745,000 after purchasing an additional 570 shares during the period. Keybank National Association OH boosted its stake in Ross Stores by 2.3% during the 2nd quarter. Keybank National Association OH now owns 25,137 shares of the apparel retailer’s stock valued at $2,130,000 after purchasing an additional 577 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of Ross Stores by 64.5% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock worth $152,000 after acquiring an additional 600 shares during the period. Finally, CIBC World Markets Inc. lifted its position in shares of Ross Stores by 2.2% in the 3rd quarter. CIBC World Markets Inc. now owns 28,430 shares of the apparel retailer’s stock worth $2,817,000 after acquiring an additional 617 shares during the period. Hedge funds and other institutional investors own 87.90% of the company’s stock.

Shares of ROST stock opened at $78.34 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. Ross Stores has a fifty-two week low of $73.76 and a fifty-two week high of $104.35. The stock has a market capitalization of $30.53 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.95 and a beta of 0.97.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.90 annualized dividend and a yield of 1.15%. Ross Stores’s payout ratio is 26.95%.

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 in the United States. It 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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