Wall Street brokerages predict that Ross Stores, Inc. (NASDAQ:ROST) will announce earnings of $1.03 per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Ross Stores’ earnings, with estimates ranging from $0.95 to $1.19. Ross Stores posted earnings of $1.28 per share in the same quarter last year, which would suggest a negative year over year growth rate of 19.5%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, March 2nd.
On average, analysts expect that Ross Stores will report full-year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.52 to $1.24. For the next financial year, analysts anticipate that the business will post earnings of $4.48 per share, with EPS estimates ranging from $4.00 to $4.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Ross Stores.
ROST has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Ross Stores from $121.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Royal Bank of Canada boosted their target price on Ross Stores from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, November 20th. TheStreet raised Ross Stores from a “c” rating to a “b-” rating in a research note on Thursday, November 19th. Gordon Haskett raised Ross Stores from an “accumulate” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Thursday, November 12th. Finally, MKM Partners upped their price objective on Ross Stores from $105.00 to $124.00 in a report on Friday, November 20th. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and an average price target of $113.09.
Several hedge funds have recently added to or reduced their stakes in ROST. Clearview Wealth Advisors LLC purchased a new stake in shares of Ross Stores in the 4th quarter valued at approximately $25,000. Bainco International Investors acquired a new stake in Ross Stores during the 4th quarter valued at $27,000. Patriot Financial Group Insurance Agency LLC raised its stake in Ross Stores by 128.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 324 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 182 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of Ross Stores in the fourth quarter valued at $31,000. Finally, Regent Peak Wealth Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $38,000. Institutional investors and hedge funds own 83.15% of the company’s stock.
ROST stock traded down $2.01 during trading on Tuesday, hitting $119.49. The company had a trading volume of 45,844 shares, compared to its average volume of 1,696,841. The business has a 50 day moving average of $117.50 and a 200 day moving average of $104.67. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 144.64, a P/E/G ratio of 8.16 and a beta of 0.95. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. Ross Stores has a fifty-two week low of $56.30 and a fifty-two week high of $123.80.
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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