Ross Stores, Inc. (ROST) Issues FY15 Earnings Guidance
Ross Stores, Inc. (NASDAQ:ROST) issued an update on its FY15 earnings guidance on Thursday morning. The company provided EPS guidance of $4.18-4.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.21, Analyst RN reports. Ross Stores also updated its Q3 guidance to $0.83-0.87 EPS.
Ross Stores, Inc. (NASDAQ:ROST) traded down 0.89% on Thursday, hitting $69.25. The stock had a trading volume of 2,412,084 shares. Ross Stores, Inc. has a 1-year low of $61.83 and a 1-year high of $81.99. The stock’s 50-day moving average is $65.2 and its 200-day moving average is $68.3. The company has a market cap of $14.653 billion and a P/E ratio of 17.66. Ross Stores also was the recipient of some unusual options trading activity on Tuesday. Investors bought 9,493 call options on the company. This is an increase of approximately 873% compared to the average daily volume of 976 call options.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 21st. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.06. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Ross Stores, Inc. will post $4.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.16%.
Several analysts have recently commented on the stock. Analysts at Sterne Agee downgraded shares of Ross Stores from a buy rating to a neutral rating in a research note on Wednesday, July 16th. They now have a $68.00 price target on the stock, down previously from $81.00. On a related note, analysts at JPMorgan Chase & Co. reiterated a neutral rating on shares of Ross Stores in a research note on Friday, May 23rd. They now have a $76.00 price target on the stock, down previously from $78.00. Finally, analysts at Morgan Stanley cut their price target on shares of Ross Stores to $81.00 in a research note on Friday, May 23rd. They now have an overweight rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $76.56.
Ross Stores, Inc is an off-price apparel and home fashion chain in the United States. The Company operates two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (NASDAQ:ROST) and dd’s DISCOUNTS.
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