Ross Stores, Inc. (NASDAQ:ROST) will release its earnings data after the market closes on Thursday, November 16th. Analysts expect Ross Stores to post earnings of $0.67 per share for the quarter. Ross Stores has set its Q3 guidance at $0.64-0.67 EPS and its Q4 guidance at $0.88-0.92 EPS.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same quarter in the prior year, the business posted $0.71 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts expect Ross Stores to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Ross Stores, Inc. (ROST) opened at $64.47 on Wednesday. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The stock has a market capitalization of $25,356.54, a price-to-earnings ratio of 21.70, a PEG ratio of 2.04 and a beta of 1.10. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.14.
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In other news, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
Several research analysts have recently issued reports on the company. Royal Bank Of Canada set a $62.00 price target on Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. Buckingham Research reissued a “neutral” rating and issued a $71.00 price target on shares of Ross Stores in a research note on Thursday, October 19th. Bank of America Corporation reissued a “buy” rating and issued a $80.00 price target on shares of Ross Stores in a research note on Monday, September 25th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $74.00 in a research note on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. Ross Stores has an average rating of “Buy” and an average target price of $70.21.
Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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