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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Industry, Sector and Symbol
Industry Family clothing stores
Sub-IndustryApparel Retail
SectorRetail/Wholesale
Phone925-965-4400
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$14.98 billion
Profitability
Miscellaneous
Employees88,100
Next Earnings Date11/19/2019 (Estimated)
OptionableOptionable
Ross Stores (NASDAQ:ROST) Frequently Asked Questions
What is Ross Stores' stock symbol?
Ross Stores trades on the NASDAQ under the ticker symbol "ROST."
How often does Ross Stores pay dividends? What is the dividend yield for Ross Stores?
Ross Stores announced a quarterly dividend on Wednesday, August 21st. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.255 per share on Monday, September 30th. This represents a $1.02 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, September 11th. View Ross Stores' Dividend History.
How will Ross Stores' stock buyback program work?
Ross Stores announced that its board has authorized a stock repurchase plan on Tuesday, March 5th 2019, which allows the company to repurchase $2,550,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.
How were Ross Stores' earnings last quarter?
Ross Stores, Inc. (NASDAQ:ROST) announced its quarterly earnings results on Thursday, August, 22nd. The apparel retailer reported $1.14 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.12 by $0.02. The apparel retailer had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.96 billion. Ross Stores had a return on equity of 49.21% and a net margin of 10.46%. Ross Stores's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS. View Ross Stores' Earnings History.
When is Ross Stores' next earnings date?
What guidance has Ross Stores issued on next quarter's earnings?
Ross Stores updated its fourth quarter earnings guidance on Thursday, August, 22nd. The company provided earnings per share guidance of $1.20-1.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.24.
What price target have analysts set for ROST?
17 analysts have issued 1-year price objectives for Ross Stores' shares. Their forecasts range from $91.00 to $120.00. On average, they expect Ross Stores' stock price to reach $107.8824 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View Analyst Price Targets for Ross Stores.
What is the consensus analysts' recommendation for Ross Stores?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 1 sell rating, 5 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ross Stores.
What are Wall Street analysts saying about Ross Stores stock?
Here are some recent quotes from research analysts about Ross Stores stock:
- 1. Guggenheim analysts commented, "We remain BUY rated and would use any weakness in shares as an incremental opportunity to accumulate; our price target is $105. ROST reported 1Q19 EPS of $1.15, above our estimate of $1.12, including a 2% comp sales gain (in line with our estimate). Total revenue was up 5.8% to $3.8bn (in line with our estimate). The comp sales increase in the quarter was led by an increase in basket size (with units up and AUR down slightly). Traffic was impacted by the softness in Ladies apparel, per mgmt. Gross margin was down 85bps (vs. our -70bps estimate), and SG&A expense deleveraged 10bps (better than our 50bps estimate), resulting in a ~100bps operating margin decline (vs. our -120bps estimate)." (5/24/2019)
- 2. According to Zacks Investment Research, "Ross Stores boasts a robust surprise trend, having delivered 11th consecutive earnings beat in fourth-quarter fiscal 2018, with 10 positive sales surprises in 11 quarters. Moreover, its commitment to price management, merchandise initiatives, cost containment and store expansion bode well. Further, the recently raised dividend and new share buyback program highlight its balance sheet strength and ability to generate cash to fund growth initiatives. However, the company lagged the industry in the past three months owing to expectations of higher freight costs and wage investments in fiscal 2019, which have been hurting margins for a while. These headwinds hurt operating margin and led to higher cost of goods sold and SG&A expenses, in fourth-quarter fiscal 2018. This along with expectations of difficult comparisons, a competitive landscape and macroeconomic headwinds led to a soft outlook for the first quarter and fiscal 2019." (5/13/2019)
Has Ross Stores been receiving favorable news coverage?
Media headlines about ROST stock have been trending somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ross Stores earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned media stories about the apparel retailer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Ross Stores.
Are investors shorting Ross Stores?
Ross Stores saw a decline in short interest in the month of August. As of August 31st, there was short interest totalling 6,202,400 shares, a decline of 11.0% from the July 31st total of 6,966,700 shares. Based on an average daily trading volume, of 2,330,000 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.7% of the shares of the stock are short sold. View Ross Stores' Current Options Chain.
Who are some of Ross Stores' key competitors?
Some companies that are related to Ross Stores include TJX Companies (TJX), Viacom (VIA), GAP (GPS), Nordstrom (JWN), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Childrens Place (PLCE), Abercrombie & Fitch (ANF), Buckle (BKE), Lands' End (LE), Destination XL Group (DXLG), Stein Mart (SMRT) and Stage Stores (SSI).
What other stocks do shareholders of Ross Stores own?
Who are Ross Stores' key executives?
Ross Stores' management team includes the folowing people:
- Mr. Michael Balmuth, Exec. Chairman (Age 68)
- Ms. Barbara Rentler, CEO & Director (Age 62)
- Mr. Michael J. Hartshorn, Group Exec. VP of Fin. and Legal, Principal Accounting Officer & CFO (Age 51)
- Mr. Bernard Brautigan, Pres of Merchandising- Ross Dress for Less (Age 54)
- Mr. James S. Fassio, Pres & Chief Devel. Officer (Age 64)
Who are Ross Stores' major shareholders?
Ross Stores' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.45%), BlackRock Inc. (6.90%), BlackRock Inc. (6.90%), Price T Rowe Associates Inc. MD (6.18%), Primecap Management Co. CA (3.18%) and Invesco Ltd. (1.73%). Company insiders that own Ross Stores stock include Barbara Rentler, Bernard G Brautigan, Brian R Morrow, George Orban, James S Fassio, Lisa R Panattoni, Michael Balmuth, Michael J Bush, Michael J Hartshorn, Norman A Ferber and Sharon D Garrett. View Institutional Ownership Trends for Ross Stores.
Which major investors are selling Ross Stores stock?
ROST stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., BlackRock Inc., AQR Capital Management LLC, Primecap Management Co. CA, Royal Bank of Canada, UBS Asset Management Americas Inc., Rockefeller Capital Management L.P. and Unigestion Holding SA. Company insiders that have sold Ross Stores company stock in the last year include Barbara Rentler, Bernard G Brautigan, George Orban, James S Fassio, Michael Balmuth and Michael J Hartshorn. View Insider Buying and Selling for Ross Stores.
Which major investors are buying Ross Stores stock?
ROST stock was purchased by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Bessemer Group Inc., Morgan Stanley, D. E. Shaw & Co. Inc., Westfield Capital Management Co. LP, Renaissance Technologies LLC and California Public Employees Retirement System. View Insider Buying and Selling for Ross Stores.
How do I buy shares of Ross Stores?
Shares of ROST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Ross Stores' stock price today?
One share of ROST stock can currently be purchased for approximately $106.72.
How big of a company is Ross Stores?
Ross Stores has a market capitalization of $38.60 billion and generates $14.98 billion in revenue each year. The apparel retailer earns $1.59 billion in net income (profit) each year or $4.26 on an earnings per share basis. Ross Stores employs 88,100 workers across the globe.View Additional Information About Ross Stores.
What is Ross Stores' official website?
How can I contact Ross Stores?
Ross Stores' mailing address is 5130 HACIENDA DRIVE, DUBLIN CA, 94568. The apparel retailer can be reached via phone at 925-965-4400 or via email at [email protected]
MarketBeat Community Rating for Ross Stores (NASDAQ ROST)
MarketBeat's community ratings are surveys of what our community members think about Ross Stores and other stocks. Vote "Outperform" if you believe ROST will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ROST will underperform the S&P 500 over the long term. You may vote once every thirty days.
