Ross Stores, Inc. (NASDAQ:ROST) announced its quarterly earnings results on Thursday. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05, RTT News reports. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Ross Stores updated its Q4 guidance to $0.88-0.92 EPS.
Shares of Ross Stores (NASDAQ:ROST) opened at $72.25 on Friday. Ross Stores has a twelve month low of $52.85 and a twelve month high of $73.94. The company has a market capitalization of $25,330.00, a PE ratio of 21.28, a P/E/G ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. Ross Stores’s payout ratio is presently 21.12%.
In related news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
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A number of analysts recently commented on the company. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a research note on Friday. SunTrust Banks, Inc. set a $80.00 price target on Ross Stores and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price target (up previously from $62.00) on shares of Ross Stores in a research note on Friday. Morgan Stanley raised their price target on Ross Stores from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Nomura raised their price target on Ross Stores from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $72.48.
About Ross Stores
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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