Brokerages expect Ross Stores, Inc. (NASDAQ:ROST) to announce earnings of $1.03 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Ross Stores’ earnings, with estimates ranging from $0.95 to $1.19. Ross Stores reported earnings per share of $1.28 in the same quarter last year, which would indicate a negative year over year growth rate of 19.5%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, March 2nd.
On average, analysts expect that Ross Stores will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.52 to $1.24. For the next fiscal year, analysts expect that the business will post earnings of $4.48 per share, with EPS estimates ranging from $4.00 to $4.92. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Ross Stores.
Several research analysts recently commented on the company. OTR Global cut Ross Stores to a “positive” rating in a research report on Monday, November 9th. JPMorgan Chase & Co. increased their price objective on Ross Stores from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Barclays raised their target price on shares of Ross Stores from $109.00 to $126.00 and gave the company an “overweight” rating in a research note on Friday, November 20th. MKM Partners upped their price target on shares of Ross Stores from $105.00 to $124.00 in a research report on Friday, November 20th. Finally, Royal Bank of Canada lifted their price objective on shares of Ross Stores from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, November 20th. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.09.
Shares of NASDAQ ROST traded down $2.01 during mid-day trading on Tuesday, hitting $119.49. The company had a trading volume of 45,844 shares, compared to its average volume of 1,696,841. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. The firm has a 50-day simple moving average of $117.50 and a two-hundred day simple moving average of $104.67. The company has a market capitalization of $42.59 billion, a PE ratio of 144.64, a price-to-earnings-growth ratio of 8.16 and a beta of 0.95. Ross Stores has a one year low of $56.30 and a one year high of $123.80.
A number of large investors have recently added to or reduced their stakes in the stock. Clearview Wealth Advisors LLC bought a new position in Ross Stores during the fourth quarter worth about $25,000. Bainco International Investors bought a new position in shares of Ross Stores during the fourth quarter worth approximately $27,000. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Ross Stores by 128.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 324 shares of the apparel retailer’s stock worth $30,000 after purchasing an additional 182 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $31,000. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of Ross Stores in the fourth quarter valued at approximately $38,000. 83.15% of the stock is owned by institutional investors and hedge funds.
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 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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