Equities research analysts expect that Ross Stores, Inc. (NASDAQ:ROST) will post $3.54 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Ross Stores’ earnings. The lowest sales estimate is $3.52 billion and the highest is $3.57 billion. Ross Stores reported sales of $3.33 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 15th.

According to Zacks, analysts expect that Ross Stores will report full year sales of $14.95 billion for the current financial year, with estimates ranging from $14.84 billion to $15.25 billion. For the next fiscal year, analysts expect that the business will report sales of $15.89 billion, with estimates ranging from $15.67 billion to $16.37 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 8.9% on a year-over-year basis.

ROST has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Friday, July 20th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Ross Stores in a research note on Wednesday, July 25th. Cowen set a $101.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a research note on Monday, July 30th. Finally, Citigroup raised their price objective on shares of Ross Stores from $83.00 to $89.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $96.04.

Ross Stores stock traded up $0.33 during midday trading on Tuesday, reaching $96.73. The stock had a trading volume of 2,832,687 shares, compared to its average volume of 2,534,461. Ross Stores has a twelve month low of $62.59 and a twelve month high of $100.58. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71. The firm has a market capitalization of $36.12 billion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 2.35 and a beta of 1.09.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, September 13th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, September 12th. Ross Stores’s dividend payout ratio (DPR) is currently 26.95%.

In other news, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now owns 25,127 shares in the company, valued at approximately $2,384,552.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $95.15, for a total transaction of $1,903,000.00. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp raised its holdings in shares of Ross Stores by 216.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,924 shares of the apparel retailer’s stock valued at $163,000 after purchasing an additional 1,316 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ross Stores by 31.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,515 shares of the apparel retailer’s stock valued at $552,000 after purchasing an additional 1,553 shares in the last quarter. SCP Investment LP bought a new position in shares of Ross Stores during the 2nd quarter valued at $1,271,000. Bank of America Corp DE raised its holdings in shares of Ross Stores by 7.8% during the 2nd quarter. Bank of America Corp DE now owns 2,126,156 shares of the apparel retailer’s stock valued at $180,192,000 after purchasing an additional 154,387 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Ross Stores by 87.5% during the 2nd quarter. Engineers Gate Manager LP now owns 6,537 shares of the apparel retailer’s stock valued at $554,000 after purchasing an additional 3,050 shares in the last quarter. Institutional investors and hedge funds own 88.37% of the company’s stock.

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

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