Ross Stores (NASDAQ:ROST – Get Free Report) released its quarterly earnings data on Thursday. The apparel retailer reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.10, Briefing.com reports. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.32 EPS.
Ross Stores Stock Performance
NASDAQ:ROST opened at $152.52 on Friday. The firm’s fifty day simple moving average is $145.21 and its 200-day simple moving average is $142.25. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.31. The stock has a market cap of $50.88 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. Ross Stores has a fifty-two week low of $108.35 and a fifty-two week high of $157.85.
Ross Stores Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.3675 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.96%. Ross Stores’s payout ratio is currently 24.79%.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Ross Stores
Insider Activity at Ross Stores
In other Ross Stores news, Director Patricia H. Mueller sold 941 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $138.37, for a total transaction of $130,206.17. Following the transaction, the director now directly owns 973 shares in the company, valued at $134,634.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.10% 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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.
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