Ross Stores (NASDAQ:ROST) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.02-1.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08. Ross Stores also updated its FY 2018 guidance to $4.15-4.20 EPS.

Ross Stores stock traded down $4.14 during midday trading on Tuesday, reaching $87.05. The stock had a trading volume of 150,319 shares, compared to its average volume of 2,790,199. Ross Stores has a twelve month low of $70.84 and a twelve month high of $104.35. The stock has a market capitalization of $35.57 billion, a P/E ratio of 25.83, a PEG ratio of 2.31 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ross Stores will post 4.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.03%. Ross Stores’s dividend payout ratio (DPR) is presently 26.95%.

Several research analysts have commented on the company. Nomura raised their price objective on Ross Stores from $90.00 to $95.00 and gave the company a buy rating in a research report on Friday, August 24th. Zacks Investment Research lowered Ross Stores from a buy rating to a hold rating in a research report on Monday, July 23rd. Citigroup raised their price objective on Ross Stores from $83.00 to $89.00 and gave the company a neutral rating in a research report on Tuesday, July 31st. Cowen set a $101.00 price objective on Ross Stores and gave the company a buy rating in a research report on Monday, July 30th. Finally, Telsey Advisory Group raised their price objective on Ross Stores from $98.00 to $105.00 and gave the company an outperform rating in a research report on Friday, August 24th. Twelve investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $97.08.

In related news, Director Norman A. Ferber sold 10,144 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $94.90, for a total value of $962,665.60. Following the completion of the sale, the director now directly owns 25,127 shares of the company’s stock, valued at $2,384,552.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $95.15, for a total value of $1,903,000.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.

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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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