Ross Stores, Inc. (NASDAQ:ROST) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 0.255 per share by the apparel retailer on Tuesday, December 31st. This represents a $1.02 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, December 5th.
NASDAQ ROST opened at $114.27 on Wednesday. The company has a quick ratio of 0.50, a current ratio of 1.26 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $42.01 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 2.42 and a beta of 0.81. The company has a 50 day moving average price of $112.34 and a two-hundred day moving average price of $105.72. Ross Stores has a 12-month low of $75.91 and a 12-month high of $117.58.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.06. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Ross Stores will post 4.57 EPS for the current year.
In related news, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.01, for a total transaction of $2,750,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00. In the last ninety days, insiders sold 65,000 shares of company stock worth $7,056,650. 2.30% of the stock is owned by insiders.
ROST has been the subject of a number of recent research reports. Guggenheim upped their price objective on shares of Ross Stores from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. BidaskClub upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. UBS Group boosted their price target on Ross Stores from $104.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 26th. DA Davidson boosted their price target on Ross Stores to $113.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Finally, Wells Fargo & Co upped their price target on Ross Stores from $116.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus 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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