Ross Stores (NASDAQ:ROST) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.92-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.01. Ross Stores also updated its FY 2019 guidance to $4.41-4.50 EPS.

Several research firms have recently issued reports on ROST. Zacks Investment Research raised Ross Stores from a sell rating to a hold rating in a research note on Monday, May 13th. Morgan Stanley lifted their price objective on Ross Stores from $94.00 to $104.00 and gave the stock an overweight rating in a research report on Friday. MKM Partners lifted their price objective on Ross Stores from $102.00 to $114.00 and gave the stock a buy rating in a research report on Friday. Deutsche Bank lifted their price objective on Ross Stores from $107.00 to $113.00 and gave the stock a buy rating in a research report on Friday. Finally, Robert W. Baird restated an outperform rating and issued a $114.00 price target (up previously from $108.00) on shares of Ross Stores in a report on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Ross Stores currently has an average rating of Buy and a consensus target price of $103.57.

NASDAQ ROST opened at $102.95 on Friday. The firm has a market capitalization of $38.55 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.25 and a beta of 0.89. Ross Stores has a 1-year low of $75.91 and a 1-year high of $108.20. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.34 and a quick ratio of 0.64. The business’s 50-day simple moving average is $104.70 and its 200-day simple moving average is $98.03.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.02. The business had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Ross Stores had a return on equity of 48.92% and a net margin of 10.47%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. On average, equities research analysts expect that Ross Stores will post 4.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, September 11th. Ross Stores’s dividend payout ratio is currently 23.94%.

In other news, insider James S. Fassio sold 60,000 shares of Ross Stores stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $103.38, for a total value of $6,202,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director George Orban sold 1,000 shares of Ross Stores stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $102.50, for a total value of $102,500.00. Following the completion of the transaction, the director now directly owns 543,939 shares in the company, valued at $55,753,747.50. The disclosure for this sale can be found here. Insiders sold a total of 296,287 shares of company stock worth $29,806,735 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

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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Earnings History and Estimates for Ross Stores (NASDAQ:ROST)

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