Ross Stores (NASDAQ:ROST) updated its FY 2018 earnings guidance on Tuesday. The company provided EPS guidance of $4.15-4.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.13. Ross Stores also updated its Q4 guidance to 1.02-1.07 EPS.

Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Ross Stores from a buy rating to a hold rating in a report on Monday, July 23rd. BidaskClub lowered shares of Ross Stores from a buy rating to a hold rating in a report on Friday. Guggenheim reaffirmed a buy rating and issued a $100.00 price target on shares of Ross Stores in a report on Wednesday, July 25th. Telsey Advisory Group lifted their price target on shares of Ross Stores from $98.00 to $105.00 and gave the stock an outperform rating in a report on Friday, August 24th. Finally, William Blair reaffirmed an outperform rating on shares of Ross Stores in a report on Friday, August 24th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Ross Stores presently has a consensus rating of Buy and an average price target of $97.08.

NASDAQ:ROST opened at $91.19 on Tuesday. Ross Stores has a 12 month low of $70.84 and a 12 month high of $104.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.71 and a quick ratio of 0.85. The firm has a market cap of $35.57 billion, a PE ratio of 27.30, a P/E/G ratio of 2.31 and a beta of 0.98.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period in the previous year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts predict that Ross Stores will post 4.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.99%. Ross Stores’s dividend payout ratio is presently 26.95%.

In related news, Director Norman A. Ferber sold 10,144 shares of the business’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 completion of the transaction, the director now directly owns 25,127 shares in the company, valued at $2,384,552.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barbara Rentler sold 20,000 shares of the business’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. Insiders own 2.40% of the company’s stock.

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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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