Equities analysts believe Ross Stores, Inc.NASDAQ:ROST – Get a RatingAccording to, ) will announce $0.99 earnings for the current quarter. Zacks. Seven analysts have made estimates for Ross Stores’ earnings, with the highest EPS estimate coming in at $1.02 and the lowest estimate coming in at $0.96. Ross Stores reported earnings of $1.34 per share in the same quarter lastyear, which is a negative 26.1% annual growth rate. The company will announce its next quarter earnings results Monday, January 1, after the market closes.
Zacks estimates that Ross Stores’ full-year earnings will be $5.06 per share. The estimated EPS ranges between $4.93 and 5.15. Analysts expect earnings to be reported at $5.65 per diluted share for the next fiscal. EPS estimates range between $5.45 – $5.76. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Ross Stores.
Ross Stores (NASDAQ:ROST – Get a Rating) last released its earnings results on Tuesday, March 1st. The apparel retailer reported $1.04 earnings per share, beating the consensus estimate of $0.97. The quarter’s revenue was $5.02 Billion, which is lower than the $4.95 Billion consensus estimate. Ross Stores had a 44.17% return on equity and a net margin of 9.11%. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. The company earned $0.67 per share in the same quarter of last fiscal year.
ROST has been the topic of numerous research reports from various firms. Truist Financial lowered their price objective for Ross Stores from $136.00 – $122.00 in a report that was published Friday, February 18th. Robert W. Baird decreased their target price on Ross Stores, from $148.00 – $115.00 in a Wednesday report. Barclays increased their target price for Ross Stores from $148.00 to $115.00. This report was published Friday, April 1st. OTR Global has reduced Ross Stores’ prices to a “positive”Rating in a Wednesday report. Deutsche Bank Aktiengesellschaft also lowered the target price for Ross Stores from $128.00 – $122.00, and set a a “buy”Wednesday, March 2nd was the release of a report that included a rating for company. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com data Ross Stores currently holds an average rating of “Buy” at “Buy”A consensus price target is $123.18
Shares of NASDAQ ROSTFriday’s trading session saw a drop of $3.65, and the stock price fell to $96.24. 3,446,298 shares were traded compared to its average volume 2,635,550. The stock has a market capitalization of $33.82 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The company’s current ratio is 1.77, its quick ratio is 1.24, and its debt-to-equity ratio is 0.60. The company’s 50 day moving average price is $95.84 and its 200 day moving average price is $102.75. Ross Stores’ 12-month low was $84.44 and its 12-month high was $134.21.
Ross Stores announced that its Board of Directors approved an stock buyback plan. This would allow the company’s outstanding shares to be purchased back in cash for $1.90 billion. The apparel retailer can purchase up to 6 percent of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm recently declared a quarterly dividend. This was paid Thursday, April 31st. Investors who received this dividend on Tuesday February 15th were entitled $0.31 per share. This is a positive change from Ross Stores’s previous quarterly dividend of $0.29. This yields 1.29% and $1.24 per year. Monday, March 14, was the ex-dividend Day. Ross Stores’s dividend payout ratio is currently 25.51%.
Large investors have made recent stock position changes. Voloridge Investment Management LLC increased its position in Ross Stores by 101.5% during quarter 3. Voloridge Investment Management LLC now owns 74,175 shares of the apparel retailer’s stock valued at $8,074,000 after buying an additional 37,363 shares in the last quarter. Mayflower Financial Advisors LLC bought a new position in Ross Stores during the fourth quarter. It was valued at approximately $201,000. Caisse DE Depot ET Placement DU Quebec grew their position in Ross Stores by 12.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 29,407 shares of the apparel retailer’s stock valued at $3,201,000 after buying an additional 3,300 shares in the last quarter. Skandinaviska Enskilda Banken AB grew its holdings of Ross Stores shares to 169.2% in quarter 3. Skandinaviska Enskilda Banken AB publ now owns 192,989 shares of the apparel retailer’s stock valued at $21,007,000 after purchasing an additional 121,297 shares during the period. M&T Bank Corp also increased its holdings of Ross Stores shares by 0.9% during the fourth quarter. M&T Bank Corp now owns 69,135 shares of the apparel retailer’s stock valued at $7,899,000 after purchasing an additional 644 shares during the period. 87.02% of the stock is currently owned by institutional investors.
About Ross Stores (Get a Rating)
Ross Stores, Inc and its subsidiaries operate off-price retail apparel shops and home fashion shops under Ross Dress for Less brands. It sells apparel, accessories and footwear as well as home fashions. Ross Dress for Less is a specialty and department store that sells primarily to middle-income families. dd’s DISCOUNTS stores sell their products at discount and department stores for households with moderate income.
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