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 in the United States. It 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. As of March 12, 2018, it operated 1,432 locations in 38 states, the District of Columbia, and Guam; and 219 dd's DISCOUNTS stores in 17 states. The company was founded in 1982 and is headquartered in Dublin, California.
Industry, Sector and Symbol
Industry Family clothing stores
Sub-IndustryApparel Retail
SectorRetail/Wholesale
SymbolNASDAQ:ROST
CUSIP77829610
Phone925-965-4400
Debt
Debt-to-Equity Ratio0.10
Current Ratio1.64
Quick Ratio0.74
Price-To-Earnings
Trailing P/E Ratio25.43
Forward P/E Ratio20.98
P/E Growth2.1
Sales & Book Value
Annual Sales$14.13 billion
Price / Sales2.26
Cash Flow$4.1642 per share
Price / Cash20.40
Book Value$7.98 per share
Price / Book10.65
Profitability
EPS (Most Recent Fiscal Year)$3.34
Net Income$1.36 billion
Net Margins10.13%
Return on Equity46.48%
Return on Assets23.98%
Miscellaneous
Employees82,700
Outstanding Shares376,540,000
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 declared a quarterly dividend on Wednesday, May 23rd. Stockholders of record on Tuesday, June 12th will be given a dividend of $0.225 per share on Friday, June 29th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, June 11th. View Ross Stores' Dividend History.
How will Ross Stores' stock buyback program work?
Ross Stores declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 7th 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its shares are undervalued.
How were Ross Stores' earnings last quarter?
Ross Stores, Inc. (NASDAQ:ROST) released its earnings results on Thursday, May, 24th. The apparel retailer reported $1.11 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.07 by $0.04. The apparel retailer earned $3.59 billion during the quarter, compared to analysts' expectations of $3.54 billion. Ross Stores had a net margin of 10.13% and a return on equity of 46.48%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.82 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 FY19 earnings guidance on Thursday, May, 24th. The company provided earnings per share (EPS) guidance of $3.92-4.05 for the period, compared to the Thomson Reuters consensus estimate of $4.10. Ross Stores also updated its Q2 guidance to $0.95-0.99 EPS.
What price target have analysts set for ROST?
25 brokerages have issued 1-year target prices for Ross Stores' stock. Their forecasts range from $64.00 to $98.00. On average, they anticipate Ross Stores' stock price to reach $84.1304 in the next year. 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 view the comp as solid in light of unfavorable weather in the period (mgmt. estimates over a 1% point negative impact), which has impacted many retailers in our coverage. Off-price remains one of our favored industries given its positive traffic, market share gains, and strong CF generation. The company noted ample supply/buying opportunities. We remain BUY-rated. ROST reported 1Q18 EPS of $1.11, above our estimate of $1.07, including a better- than-expected 3% comp sales increase (vs. our +2.5% estimate, despite unfavorable weather). The comp sales increase in the quarter included solid traffic gains. Higher basket size also contributed to the increase, led by units (AUR down). Sales increased 9% to $3.6bn. Gross margin improved 20bps (vs. our +25bps estimate), and SG&A expense deleveraged 25bps (better than our 60bps estimate), resulting in ~10bps op." (5/24/2018)
- 2. According to Zacks Investment Research, "Ross Stores outperformed the industry in the past six months given its positive record of earnings and sales surprises in the trailing seven quarters. In fourth-quarter fiscal 2017, both the top and bottom lines topped estimates and improved year over year. Solid top line growth, lower SG&A expense and improved operating margin aided bottom line growth. Meanwhile, sales growth was driven by broad-based strength across major merchandise categories. Further, the company’s commitment toward better price management, merchandise, cost containment and store expansion plan bode well. However, the company expects witnessing challenging comparisons and a competitive retail backdrop, which led it to provide a cautious view for fiscal 2018. Despite strong earnings and sales targets, it projects soft operating margin for the first quarter and fiscal 2018 due to soft merchandise margin and the impact of competitive wage and benefit-related investments." (3/9/2018)
Who are some of Ross Stores' key competitors?
Some companies that are related to Ross Stores include TJX Companies (TJX), Viacom, Inc. Class A (VIA), GAP (GPS), Nordstrom (JWN), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Childrens Place (PLCE), Abercrombie & Fitch (ANF), Buckle (BKE), Lands' End (LE), Stein Mart (SMRT), Destination XL Group (DXLG) and Stage Stores (SSI).
Who are Ross Stores' key executives?
Ross Stores' management team includes the folowing people:
- Mr. Michael Balmuth, Exec. Chairman (Age 67)
- Ms. Barbara Rentler, CEO & Director (Age 61)
- Mr. Michael B. O'Sullivan, Pres, COO & Director (Age 54)
- Mr. Michael J. Hartshorn, Exec. VP, CFO & Principal Accounting Officer (Age 50)
- Mr. Bernard Brautigan, Pres of Merchandising- Ross Dress for Less (Age 53)
Has Ross Stores been receiving favorable news coverage?
News headlines about ROST stock have trended somewhat negative recently, according to Accern. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ross Stores earned a news impact score of -0.02 on Accern's scale. They also assigned news headlines about the apparel retailer an impact score of 40.10 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
Who are Ross Stores' major shareholders?
Ross Stores' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.01%), Principal Financial Group Inc. (1.86%), Franklin Resources Inc. (1.59%), Alecta Pensionsforsakring Omsesidigt (1.25%), Amundi Pioneer Asset Management Inc. (1.23%) and Massachusetts Financial Services Co. MA (1.22%). Company insiders that own Ross Stores stock include Barbara Rentler, Bernard G Brautigan, Brian R Morrow, George Orban, Gregory L Quesnel, James S Fassio, John G Call, Lisa R Panattoni, Michael Balmuth, Michael J Bush, Michael J Hartshorn and Sharon D Garrett. View Institutional Ownership Trends for Ross Stores.
Which institutional investors are selling Ross Stores stock?
ROST stock was sold by a variety of institutional investors in the last quarter, including Flossbach Von Storch AG, Amundi Pioneer Asset Management Inc., Old Mutual Global Investors UK Ltd., Element Capital Management LLC, Envestnet Asset Management Inc., Wells Fargo & Company MN, Todd Asset Management LLC and Prudential Financial Inc.. Company insiders that have sold Ross Stores company stock in the last year include Barbara Rentler, Bernard G Brautigan, Brian R Morrow, Lisa R Panattoni, Michael Balmuth, Michael J Bush, Michael J Hartshorn and Sharon D Garrett. View Insider Buying and Selling for Ross Stores.
Which institutional investors are buying Ross Stores stock?
ROST stock was purchased by a variety of institutional investors in the last quarter, including Rockefeller Capital Management L.P., American Century Companies Inc., Millennium Management LLC, Carillon Tower Advisers Inc., Dundas Partners LLP, BlackRock Inc., Summit Trail Advisors LLC and Alecta Pensionsforsakring Omsesidigt. 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, Scottrade, Fidelity and Charles Schwab.
What is Ross Stores' stock price today?
One share of ROST stock can currently be purchased for approximately $84.95.
How big of a company is Ross Stores?
Ross Stores has a market capitalization of $32.06 billion and generates $14.13 billion in revenue each year. The apparel retailer earns $1.36 billion in net income (profit) each year or $3.34 on an earnings per share basis. Ross Stores employs 82,700 workers across the globe.
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 (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.
