Ross Stores (NASDAQ:ROST) Releases FY25 Earnings Guidance

Ross Stores (NASDAQ:ROST) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $6.10-$6.17 for the period, compared to the consensus EPS estimate of $6.13. Ross Stores also updated its FY 2024 guidance to 6.100-6.170 EPS.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $146.09 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $48.47 billion, a PE ratio of 23.01, a PEG ratio of 2.40 and a beta of 1.09. The stock’s 50 day moving average price is $145.14 and its 200-day moving average price is $144.62. Ross Stores has a twelve month low of $127.53 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 42.42%. Ross Stores’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 EPS. On average, equities analysts anticipate that Ross Stores will post 6.1 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.3675 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.01%. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.

Wall Street Analysts Forecast Growth

ROST has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Ross Stores from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Thursday, November 14th. UBS Group boosted their target price on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Bank of America boosted their price objective on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Loop Capital raised their target price on shares of Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.69.

Insider Activity at Ross Stores

In other news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the transaction, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 13.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the sale, the chairman now directly owns 11,133 shares of the company’s stock, valued at $1,694,665.26. The trade was a 57.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock worth $11,093,051 in the last ninety days. 2.10% of the stock is owned by company insiders.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.