Wall Street brokerages expect Ross Stores, Inc. (NASDAQ:ROST) to announce $0.67 earnings per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Ross Stores’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.69. Ross Stores posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 16th.

On average, analysts expect that Ross Stores will report full year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.18 to $3.28. For the next financial year, analysts expect that the firm will report earnings of $3.46 per share, with EPS estimates ranging from $3.33 to $3.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. Ross Stores’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 earnings per share.

Several equities analysts recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.00 target price on shares of Ross Stores in a report on Tuesday. Royal Bank Of Canada set a $67.00 target price on shares of Ross Stores and gave the company a “hold” rating in a report on Monday, June 19th. MKM Partners increased their target price on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 18th. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a report on Wednesday, July 12th. Finally, William Blair reaffirmed an “outperform” rating on shares of Ross Stores in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $69.84.

Shares of Ross Stores (NASDAQ ROST) traded down 0.57% during trading on Thursday, hitting $61.06. 274,137 shares of the stock were exchanged. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 20.17 and a beta of 1.09. The stock’s 50 day moving average price is $56.87 and its 200 day moving average price is $61.01. Ross Stores has a 52 week low of $52.85 and a 52 week high of $69.81.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be given a $0.16 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.04%. Ross Stores’s dividend payout ratio is 21.12%.

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In other news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Balentine LLC lifted its position in Ross Stores by 0.3% during the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after acquiring an additional 5 shares during the period. Guardian Life Insurance Co. of America lifted its position in Ross Stores by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after acquiring an additional 10 shares during the period. Alps Advisors Inc. lifted its position in Ross Stores by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after acquiring an additional 19 shares during the period. First Heartland Consultants Inc. lifted its position in Ross Stores by 0.6% during the 2nd quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock valued at $354,000 after acquiring an additional 34 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in Ross Stores by 3.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 61 shares during the period. 89.62% of the stock is owned by institutional investors.

About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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

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