Analysts Expect Ross Stores, Inc. (ROST) Will Announce Earnings of $0.93 Per Share

Equities analysts expect that Ross Stores, Inc. (NASDAQ:ROST) will announce earnings per share of $0.93 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Ross Stores’ earnings, with the highest EPS estimate coming in at $1.04 and the lowest estimate coming in at $0.90. Ross Stores posted earnings per share of $0.77 in the same quarter last year, which suggests a positive year-over-year growth rate of 20.8%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Ross Stores will report full year earnings of $3.29 per share for the current year, with EPS estimates ranging from $3.25 to $3.40. For the next year, analysts anticipate that the business will post earnings of $3.71 per share, with EPS estimates ranging from $3.39 to $4.32. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $0.62 EPS. Ross Stores’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Several analysts have recently weighed in on the company. BidaskClub lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks reissued a “buy” rating and set a $96.00 price objective on shares of Ross Stores in a report on Friday. Nomura reissued a “buy” rating and set a $90.00 price objective (up previously from $80.00) on shares of Ross Stores in a report on Wednesday, January 17th. Cowen set a $78.00 price objective on Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Jefferies Group set a $66.00 price objective on Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $74.95.

Shares of Ross Stores (ROST) traded down $2.18 during trading hours on Monday, hitting $76.90. The stock had a trading volume of 3,636,109 shares, compared to its average volume of 2,383,075. Ross Stores has a one year low of $52.85 and a one year high of $85.66. The firm has a market cap of $30,520.00, a price-to-earnings ratio of 24.57, a PEG ratio of 2.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68.

A number of institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in Ross Stores by 13.1% in the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock worth $473,476,000 after purchasing an additional 849,789 shares in the last quarter. Flossbach Von Storch AG boosted its stake in Ross Stores by 10.7% in the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock worth $357,277,000 after purchasing an additional 532,900 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Ross Stores by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,265,781 shares of the apparel retailer’s stock worth $340,012,000 after purchasing an additional 85,983 shares in the last quarter. Alecta Pensionsforsakring Omsesidigt boosted its stake in Ross Stores by 4.5% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,600,000 shares of the apparel retailer’s stock worth $297,022,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Ross Stores by 39.2% in the third quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock worth $236,257,000 after purchasing an additional 1,029,990 shares in the last quarter. 91.47% of the stock is currently owned by institutional investors.

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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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