$1.06 EPS Expected for Ross Stores (ROST) This Quarter

Analysts expect that Ross Stores (NASDAQ:ROST) will announce earnings of $1.06 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Ross Stores’ earnings. The highest EPS estimate is $1.09 and the lowest is $1.04. Ross Stores posted earnings per share of $0.82 during the same quarter last year, which would indicate a positive year over year growth rate of 29.3%. The firm is scheduled to report its next earnings results on Thursday, May 17th.

According to Zacks, analysts expect that Ross Stores will report full-year earnings of $4.06 per share for the current financial year, with EPS estimates ranging from $3.94 to $4.32. For the next fiscal year, analysts expect that the business will post earnings of $4.46 per share, with EPS estimates ranging from $4.22 to $4.83. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Ross Stores.

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Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 6th. The apparel retailer reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.05. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.95 billion. Ross Stores had a return on equity of 44.53% and a net margin of 9.64%.

A number of equities analysts have recently commented on ROST shares. BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Nomura reiterated a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ross Stores in a report on Wednesday, January 17th. SunTrust Banks reiterated a “buy” rating on shares of Ross Stores in a report on Friday, February 2nd. BMO Capital Markets reiterated a “hold” rating and issued a $78.00 target price on shares of Ross Stores in a report on Wednesday, March 7th. Finally, Jefferies Group reiterated a “hold” rating and issued a $73.00 target price on shares of Ross Stores in a report on Wednesday, March 7th. Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $81.86.

Shares of Ross Stores stock traded down $1.98 on Friday, reaching $76.17. The company had a trading volume of 2,255,345 shares, compared to its average volume of 2,463,219. The stock has a market cap of $29,590.14, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 1.92 and a beta of 1.08. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.78 and a current ratio of 1.64. Ross Stores has a 1 year low of $52.85 and a 1 year high of $85.66.

Ross Stores announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 6th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the apparel retailer to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Monday, March 19th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.18%. This is a boost from Ross Stores’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, March 16th. Ross Stores’s dividend payout ratio is currently 26.95%.

In other Ross Stores news, VP Michael J. Hartshorn sold 3,361 shares of the company’s stock in a transaction on Friday, March 16th. The stock was sold at an average price of $76.94, for a total value of $258,595.34. Following the completion of the sale, the vice president now directly owns 79,158 shares in the company, valued at approximately $6,090,416.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Balmuth sold 59,777 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $76.53, for a total value of $4,574,733.81. The disclosure for this sale can be found here. Insiders sold a total of 256,652 shares of company stock valued at $19,829,016 over the last quarter. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently modified their holdings of ROST. Certified Advisory Corp bought a new position in shares of Ross Stores in the 4th quarter worth $185,000. Rehmann Capital Advisory Group bought a new position in shares of Ross Stores in the 4th quarter worth $216,000. Xact Kapitalforvaltning AB raised its position in shares of Ross Stores by 5.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 82,583 shares of the apparel retailer’s stock worth $6,627,000 after acquiring an additional 4,637 shares in the last quarter. Sawtooth Solutions LLC bought a new position in shares of Ross Stores in the 4th quarter worth $221,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Ross Stores by 52.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 22,291 shares of the apparel retailer’s stock worth $1,789,000 after acquiring an additional 7,700 shares in the last quarter. Institutional investors and hedge funds own 90.40% of the company’s stock.

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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 brand names 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 savings of 20% to 60% off department and specialty store regular prices primarily to middle income households; and dd's DISCOUNTS stores sell its products at savings of 20% to 70% off moderate department and discount store regular prices to customers from households with moderate income.

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Earnings History and Estimates for Ross Stores (NASDAQ:ROST)

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