Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 9th will be given a dividend of 0.445 per share by the apparel retailer on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th.
Ross Stores has raised its dividend by an average of 0.4%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Ross Stores has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ross Stores to earn $8.09 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 22.0%.
Ross Stores Stock Performance
NASDAQ:ROST opened at $217.79 on Thursday. Ross Stores has a fifty-two week low of $124.49 and a fifty-two week high of $231.16. The stock has a market capitalization of $70.16 billion, a PE ratio of 32.95, a P/E/G ratio of 2.81 and a beta of 0.87. The company has a fifty day moving average of $218.54 and a two-hundred day moving average of $196.37. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.58.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ROST. Zacks Research lowered shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Citigroup upped their target price on shares of Ross Stores from $240.00 to $261.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $240.00 target price on shares of Ross Stores in a report on Thursday, March 26th. Guggenheim reaffirmed a “buy” rating and set a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Finally, Barclays upped their target price on shares of Ross Stores from $205.00 to $221.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Seventeen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.56.
Get Our Latest Stock Analysis on Ross Stores
Ross Stores Company Profile
Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.
Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.
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