Brokerages forecast that Ross Stores, Inc. (NASDAQ:ROST) will post sales of $3.77 billion for the current quarter, Zacks reports. Nine analysts have provided estimates for Ross Stores’ earnings, with the highest sales estimate coming in at $3.83 billion and the lowest estimate coming in at $3.75 billion. Ross Stores reported sales of $3.55 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, November 21st.
On average, analysts expect that Ross Stores will report full year sales of $15.91 billion for the current year, with estimates ranging from $15.84 billion to $16.00 billion. For the next financial year, analysts expect that the company will post sales of $16.89 billion, with estimates ranging from $16.73 billion to $17.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Ross Stores.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. Ross Stores’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS.
In other news, CEO Barbara Rentler sold 25,000 shares of Ross Stores stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.01, for a total value of $2,750,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James S. Fassio sold 15,000 shares of Ross Stores stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total transaction of $1,629,900.00. In the last three months, insiders sold 65,000 shares of company stock worth $7,056,650. Insiders own 2.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in ROST. Bailard Inc. increased its holdings in Ross Stores by 2.5% in the 3rd quarter. Bailard Inc. now owns 4,104 shares of the apparel retailer’s stock valued at $451,000 after buying an additional 99 shares during the period. TrinityPoint Wealth LLC boosted its stake in shares of Ross Stores by 4.0% in the 2nd quarter. TrinityPoint Wealth LLC now owns 2,619 shares of the apparel retailer’s stock valued at $277,000 after purchasing an additional 101 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of Ross Stores by 12.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 984 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 108 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Ross Stores by 6.0% in the 2nd quarter. ETF Managers Group LLC now owns 1,955 shares of the apparel retailer’s stock valued at $197,000 after purchasing an additional 111 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV boosted its stake in shares of Ross Stores by 1.3% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 8,841 shares of the apparel retailer’s stock valued at $972,000 after purchasing an additional 111 shares in the last quarter. 88.00% of the stock is currently owned by institutional investors.
ROST stock opened at $113.36 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.63 and a current ratio of 1.31. The stock has a market cap of $40.82 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.39 and a beta of 0.83. The firm has a 50 day simple moving average of $110.77 and a 200 day simple moving average of $104.19. Ross Stores has a 52 week low of $75.91 and a 52 week high of $114.82.
Ross Stores Company Profile
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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