Ross Stores (NASDAQ:ROST) Issues Q4 2021 Earnings Guidance

Ross Stores (NASDAQ:ROST) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $0.830-$0.930 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.010. The company issued revenue guidance of -.Ross Stores also updated its FY 2021 guidance to $4.650-$4.750 EPS.

Ross Stores stock traded up $0.08 during trading hours on Thursday, reaching $115.51. 1,546,494 shares of the company’s stock were exchanged, compared to its average volume of 1,956,545. The company has a quick ratio of 1.37, a current ratio of 1.77 and a debt-to-equity ratio of 0.63. The firm’s 50 day simple moving average is $112.94 and its 200 day simple moving average is $118.66. The firm has a market capitalization of $41.05 billion, a PE ratio of 30.64, a PEG ratio of 2.59 and a beta of 1.02. Ross Stores has a twelve month low of $104.92 and a twelve month high of $134.21.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 18th. The apparel retailer reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.31. The company had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.35 billion. Ross Stores had a return on equity of 45.58% and a net margin of 7.73%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $1.02 EPS. Analysts anticipate that Ross Stores will post 4.46 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Tuesday, December 7th will be paid a $0.285 dividend. The ex-dividend date is Monday, December 6th. This represents a $1.14 annualized dividend and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio is presently 30.24%.

ROST has been the subject of a number of analyst reports. Credit Suisse Group lifted their price target on Ross Stores from $142.00 to $145.00 and gave the company an outperform rating in a research note on Friday, August 20th. Robert W. Baird lifted their price target on Ross Stores from $140.00 to $148.00 and gave the company an outperform rating in a research note on Friday, August 20th. Loop Capital downgraded Ross Stores from a buy rating to a hold rating and cut their price target for the company from $140.00 to $105.00 in a research note on Thursday, October 14th. Cowen cut their price target on Ross Stores from $147.00 to $144.00 and set an outperform rating for the company in a research note on Friday, August 20th. Finally, JPMorgan Chase & Co. lifted their price target on Ross Stores from $132.00 to $137.00 and gave the company an overweight rating in a research note on Monday, August 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to, the stock presently has a consensus rating of Buy and a consensus price target of $139.36.

A hedge fund recently raised its stake in Ross Stores stock. Morgan Stanley increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 34.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,371,486 shares of the apparel retailer’s stock after purchasing an additional 353,069 shares during the quarter. Morgan Stanley owned approximately 0.38% of Ross Stores worth $170,064,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 84.58% of the company’s stock.

About Ross Stores

Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.

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

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