Ross Stores, Inc. (NASDAQ:ROST – Get a Rating) – Analysts at Jefferies Financial Group cut their Q2 2023 earnings per share estimates for Ross Stores in a research note issued on Monday, August 15th. C. Tarlowe is a Jefferies Financial Group analyst and now expects the apparel retailer to post earnings per shares of $0.99 for this quarter. This is a decrease from their previous estimate at $1.03. The consensus estimate for Ross Stores’ current full-year earnings is $4.29 per share. Jefferies Financial Group also issued estimates for Ross Stores’ Q3 2023 earnings at $1.08 EPS, Q4 2023 earnings at $1.28 EPS, FY2023 earnings at $4.31 EPS, Q2 2024 earnings at $1.10 EPS, Q3 2024 earnings at $1.17 EPS, Q4 2024 earnings at $1.37 EPS and FY2024 earnings at $4.75 EPS.
Ross Stores (NASDAQ:ROST – Get a RatingThe retailer last released its quarterly earnings data Thursday, May 19th. The apparel retailer reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.02). Revenue was $4.33Billion, which is lower then the consensus estimate at $4.54 trillion. Ross Stores had an 8.46% net profit and a 39.61% return-on-equity. Ross Stores’s quarterly revenue was down 4.1% on a year-over-year basis. In the previous quarter, the company earned $1.34 per share.
ROST was also the topic of reports from a number of other research companies. OTR Global has downgraded Ross Stores. “positive”Wednesday, May 4, 2018: A research report was published. Loop Capital lowered their price objective for Ross Stores from $95.00 – $80.00 and established a “hold”The company was awarded a “buy”A research paper on Friday 20 May gave a rating. JPMorgan Chase & Co. lowered Ross Stores shares’ price target from $125.00 to $119.00 in a report Monday May 16th. Morgan Stanley reissued “buy”Citigroup gave Ross Stores an A rating in a report released Friday June 3, 2013. “A”They set a price target at $129.00 Citigroup also decreased their target price for shares of Ross Stores from $125.00 – $100.00 and set an a “buy”A research report that was published on Friday, 20 mai gave the company a rating. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. MarketBeat currently rates Ross Stores with a rating of 4.2% out of 5. “Moderate Buy”The average target price is $99.89
Ross Stores Price Performance
Shares of ROST stockThe stock opened Tuesday at $92.64 It also has a beta of 1.03. The business has a simple rate of $78.90 per fifty days and $88.15 per 200 days. The company has a quick (1.66), a current (1.88) and debt to equity (0.61). Ross Stores’ twelve-month low was $69.24, and its twelve-month high was $126.86.
Ross Stores – Insider Transactions
In related news, Director Michael J. Bush sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was purchased at an $81.46 average price, resulting in a total transaction worth $81,460.00. Following the completion of the transaction, the director now owns 34,496 shares of the company’s stock, valued at approximately $2,810,044.16. The transaction was disclosed in an SEC filing. This link. Company insiders own 1.90% of the company’s stock.
Institutional Inflows & Outflows
Many large investors recently changed their ROST holdings. Oliver Lagore Vanvalin Investment Group acquired a new share of Ross Stores shares during quarter one. It was valued at approximately $28,000. Riverview Trust Co purchased a new stake in Ross Stores during its first quarter. It was valued at approximately $31,000. MUFG Americas Holdings Corp increased its stake in Ross Stores to 1,600.0% during the fourth quarter. MUFG Americas Holdings Corp now owns 425 shares of the apparel retailer’s stock valued at $49,000 after buying an additional 400 shares during the period. CVA Family Office LLC grew its share of Ross Stores shares to 1,466.7% in quarter 2. CVA Family Office LLC now owns 470 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC acquired a new position in Ross Stores in quarter two, valued at $34,000. Hedge funds and other institutional investors own 87.02% of the company’s stock.
Ross Stores Company Profile
Ross Stores, Inc, and its subsidiaries, operate off the price retail apparel stores as well as home fashion shops under Ross Dress for Less. Its stores sell apparel, accessories and footwear as well as home fashions. Ross Dress for Less stores sell primarily at specialty and departmental stores, primarily to middle income households. dd’s DISCOUNTS stores sell their products at discount and department stores for households with moderate income.
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