Ross Stores, Inc. (NASDAQ:ROST) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.255 per share by the apparel retailer on Tuesday, December 31st. This represents a $1.02 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Thursday, December 5th.
Shares of Ross Stores stock opened at $115.61 on Tuesday. The business has a 50-day moving average price of $112.31 and a 200 day moving average price of $105.62. Ross Stores has a fifty-two week low of $75.91 and a fifty-two week high of $117.58. The firm has a market cap of $42.01 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.42 and a beta of 0.81. The company has a quick ratio of 0.50, a current ratio of 1.26 and a debt-to-equity ratio of 0.89.
Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.97 by $0.06. Ross Stores had a return on equity of 49.88% and a net margin of 10.47%. The company had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned $0.91 EPS. The business’s revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Ross Stores will post 4.57 earnings per share for the current year.
In related news, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $108.66, for a total value of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $107.06, for a total value of $2,676,500.00. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $7,056,650 in the last 90 days. 2.30% of the stock is owned by company insiders.
ROST has been the subject of several recent research reports. Loop Capital boosted their target price on shares of Ross Stores to $125.00 and gave the company a “positive” rating in a research note on Friday, November 22nd. Barclays initiated coverage on shares of Ross Stores in a research report on Tuesday, November 12th. They issued an “overweight” rating and a $124.00 price target on the stock. Deutsche Bank lifted their price target on shares of Ross Stores from $107.00 to $113.00 and gave the company a “buy” rating in a report on Friday, August 23rd. DA Davidson boosted their price objective on shares of Ross Stores to $113.00 and gave the company a “neutral” rating in a research report on Monday, November 25th. Finally, ValuEngine lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $114.50.
About Ross Stores
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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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