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About Ross Stores (NASDAQ:ROST)
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
Trailing P/E Ratio24.84
Forward P/E Ratio20.59
Sales & Book Value
Annual Sales$14.13 billion
Price / Sales2.22
Cash Flow$4.2048 per share
Price / Cash19.73
Book Value$7.98 per share
Price / Book10.40
EPS (Most Recent Fiscal Year)$3.34
Net Income$1.36 billion
Return on Equity44.53%
Return on Assets22.75%
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. Investors 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 1.08%. View Ross Stores' Dividend History.
How will Ross Stores' stock buyback program work?
Ross Stores announced that its Board of Directors has authorized a stock buyback plan on Wednesday, March 7th 2018, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were Ross Stores' earnings last quarter?
Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings data on Thursday, May, 24th. The apparel retailer reported $0.92 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by $0.15. The apparel retailer earned $3.59 billion during the quarter, compared to analysts' expectations of $3.54 billion. Ross Stores had a return on equity of 44.53% and a net margin of 9.64%. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 earnings per share. View Ross Stores' Earnings History.
What guidance has Ross Stores issued on next quarter's earnings?
Ross Stores issued an update on its FY19 earnings guidance on Thursday, May, 24th. The company provided 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?
24 Wall Street analysts have issued twelve-month target prices for Ross Stores' shares. Their predictions range from $64.00 to $95.00. On average, they expect Ross Stores' stock price to reach $82.8636 in the next twelve months. 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)
Are investors shorting Ross Stores?
Ross Stores saw a decrease in short interest during the month of April. As of April 30th, there was short interest totalling 3,379,629 shares, a decrease of 39.8% from the April 13th total of 5,618,457 shares. Based on an average trading volume of 2,293,336 shares, the short-interest ratio is currently 1.5 days. Currently, 0.9% of the shares of the stock are sold short.
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), Urban Outfitters (URBN), American Eagle Outfitters (AEO), The Children's Place (PLCE), Abercrombie & Fitch (ANF), Buckle (BKE), Lands' End (LE), Stein Mart (SMRT), Stage Stores (SSI) and Destination XL Group (DXLG).
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?
Media stories about ROST stock have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ross Stores earned a news impact score of 0.18 on Accern's scale. They also assigned news coverage about the apparel retailer an impact score of 45.91 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are Ross Stores' major shareholders?
Ross Stores' stock is owned by a variety 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 major 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 Hartshorn and Sharon D Garrett. 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 Rockefeller Capital Management L.P., American Century Companies Inc., Millennium Management LLC, Carillon Tower Advisers Inc., BlackRock Inc., Summit Trail Advisors LLC, Alecta Pensionsforsakring Omsesidigt and Great West Life Assurance Co. Can. 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 $82.96.
How big of a company is Ross Stores?
Ross Stores has a market capitalization of $31.18 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.
Ross Stores (NASDAQ:ROST) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
24 Wall Street analysts have issued ratings and price targets for Ross Stores in the last 12 months. Their average twelve-month price target is $82.8636, suggesting that the stock has a possible downside of 0.12%. The high price target for ROST is $95.00 and the low price target for ROST is $64.00. There are currently 6 hold ratings and 18 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.75||2.74||2.64||2.65|
|Ratings Breakdown: ||0 Sell Rating(s)|
6 Hold Rating(s)
18 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
6 Hold Rating(s)
17 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
14 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
8 Hold Rating(s)
15 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$82.8636||$82.5238||$74.2105||$74.00|
|Price Target Upside: ||0.12% downside||7.97% upside||6.78% downside||2.42% upside|
Ross Stores (NASDAQ:ROST) Consensus Price Target History
Ross Stores (NASDAQ:ROST) Analyst Ratings History
(Data available from 5/25/2016 forward)
Ross Stores (NASDAQ:ROST) Dividend Information
Ross Stores pays an annual dividend of $0.90 per share, with a dividend yield of 1.08%. ROST's next quarterly dividend payment will be made on Friday, June 29. The company has grown its dividend for the last 11 consecutive years and is increasing its dividend by an average of 17.00% each year. Ross Stores pays out 26.95% of its earnings out as a dividend.
|Dividend Growth:||17.00% (3 Year Average)|
|Payout Ratio(s):||26.95% (Trailing 12 Months of Earnings) |
22.33% (Based on This Year's Estimates)
20.22% (Based on Next Year's Estimates)
21.40% (Based on Cash Flow)
|Track Record:||11 Years of Consecutive Dividend Growth|
Ross Stores (NASDAQ:ROST) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Ross Stores (NASDAQ ROST) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.30%
Institutional Ownership Percentage: 87.95%
Ross Stores (NASDAQ ROST) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|4/12/2018||Barbara Rentler||CEO||Sell||15,000||$78.25||$1,173,750.00|| |
|4/5/2018||Barbara Rentler||CEO||Sell||32,430||$79.53||$2,579,157.90||534,318|| |
|4/5/2018||Lisa R Panattoni||Insider||Sell||12,471||$79.48||$991,195.08||93,711|| |
|3/26/2018||Lisa R Panattoni||Insider||Sell||31,824||$75.75||$2,410,668.00||114,433|| |
|3/23/2018||Bernard G Brautigan||Insider||Sell||18,171||$75.71||$1,375,726.41||170,718|| |
|3/21/2018||Brian R Morrow||Insider||Sell||18,282||$78.50||$1,435,137.00||109,235|| |
|3/21/2018||Michael J Hartshorn||VP||Sell||5,060||$77.63||$392,807.80||82,992|| |
|3/16/2018||Michael Balmuth||Chairman||Sell||25,689||$76.84||$1,973,942.76||120,703|| |
|3/16/2018||Michael J Hartshorn||VP||Sell||3,361||$76.94||$258,595.34||79,158|| |
|3/15/2018||Bernard G Brautigan||Insider||Sell||8,587||$76.80||$659,481.60||193,089|| |
|3/15/2018||Sharon D Garrett||Director||Sell||26,000||$77.07||$2,003,820.00|| |
|3/12/2018||Michael Balmuth||Chairman||Sell||59,777||$76.53||$4,574,733.81|| |
|10/4/2017||Brian R Morrow||Insider||Sell||6,157||$65.30||$402,052.10|| |
|9/12/2017||Barbara Rentler||CEO||Sell||15,492||$61.00||$945,012.00|| |
|5/26/2017||Sharon D Garrett||Director||Sell||16,130||$63.23||$1,019,899.90||4,967|| |
|4/7/2017||Brian R Morrow||Insider||Sell||3,004||$63.16||$189,732.64||121,712|| |
|3/30/2017||Michael J Bush||Director||Sell||8,762||$66.51||$582,760.62||36,180|| |
|3/24/2017||Michael J Bush||Director||Sell||7,426||$66.51||$493,903.26||28,318|| |
|3/23/2017||Bernard G Brautigan||Insider||Sell||28,434||$66.28||$1,884,605.52||181,608|| |
|3/22/2017||Barbara Rentler||CEO||Sell||50,481||$66.10||$3,336,794.10||546,604|| |
|3/21/2017||John G Call||VP||Sell||15,243||$65.83||$1,003,446.69||156,572|| |
|3/20/2017||Lisa R Panattoni||Insider||Sell||14,792||$66.88||$989,288.96||151,432|| |
|3/20/2017||Michael J Hartshorn||VP||Sell||3,360||$67.11||$225,489.60||68,546|| |
|3/14/2017||Michael Balmuth||Chairman||Sell||51,207||$67.29||$3,445,719.03||145,666|| |
|3/10/2017||Michael J Hartshorn||VP||Sell||9,585||$66.94||$641,619.90||67,686|| |
|10/3/2016||Gregory L Quesnel||Director||Sell||16,000||$64.39||$1,030,240.00||19,370|| |
|9/22/2016||Barbara Rentler||CEO||Sell||12,840||$63.76||$818,678.40||542,851|| |
|9/22/2016||James S. Fassio||Insider||Sell||12,000||$63.35||$760,200.00|| |
|9/19/2016||Barbara Rentler||CEO||Sell||20,000||$62.54||$1,250,800.00|| |
|7/8/2016||George Orban||Director||Sell||56,000||$57.52||$3,221,120.00||506,750|| |
|6/1/2016||Michael Balmuth||Chairman||Sell||194,984||$53.45||$10,421,894.80||61,548|| |
|4/1/2016||Barbara Rentler||CEO||Sell||40,000||$58.30||$2,332,000.00||608,729|| |
|3/31/2016||Michael J Hartshorn||CFO||Sell||862||$58.16||$50,133.92||64,894|| |
|3/30/2016||Sullivan Michael B O||Insider||Sell||5,170||$58.15||$300,635.50||408,668|| |
|3/28/2016||Bernard G Brautigan||Insider||Sell||2,617||$57.57||$150,660.69||196,856|| |
|3/24/2016||John G Call||VP||Sell||27,000||$57.40||$1,549,800.00||187,333|| |
|3/24/2016||Michael Balmuth||Chairman||Sell||135,128||$57.53||$7,773,913.84||139,628|| |
|3/23/2016||Sullivan Michael B O||Insider||Sell||58,163||$58.10||$3,379,270.30||439,641|| |
|3/21/2016||Bernard G Brautigan||Insider||Sell||24,586||$58.35||$1,434,593.10||202,258|| |
|3/18/2016||Michael J Hartshorn||CFO||Sell||13,831||$59.17||$818,380.27||67,076|| |
|3/17/2016||Lisa R Panattoni||Insider||Sell||31,267||$58.49||$1,828,806.83||226,135|| |
|3/14/2016||James S Fassio||Insider||Sell||8,000||$58.25||$466,000.00||281,148|| |
|3/11/2016||James S Fassio||Insider||Sell||10,000||$58.00||$580,000.00||283,148|| |
|3/7/2016||James S Fassio||Insider||Sell||18,000||$58.23||$1,048,140.00||291,148|| |
|3/4/2016||Michael J Bush||Director||Sell||16,188||$57.57||$931,943.16||41,028|| |
|10/8/2015||Barbara Rentler||CEO||Sell||42,574||$48.26||$2,054,621.24||560,748|| |
|9/17/2015||James S. Fassio||insider||Sell||60,327||$49.73||$3,000,061.71||273,148|| |
|9/9/2015||Michael J Bush||Director||Sell||15,000||$50.10||$751,500.00||24,840|| |
|4/10/2015||Barbara Rentler||CEO||Sell||25,000||$104.16||$2,604,000.00|| |
|3/30/2015||Barbara Rentler||CEO||Sell||30,000||$106.01||$3,180,300.00|| |
|3/30/2015||Sullivan Michael B O||Insider||Sell||4,207||$105.46||$443,670.22|| |
|3/26/2015||Michael J Hartshorn||CFO||Sell||1,213||$104.47||$126,722.11|| |
|3/25/2015||Lisa R Panattoni||Insider||Sell||1,493||$105.15||$156,988.95|| |
|3/24/2015||Sullivan Michael B O||Insider||Sell||69,838||$107.08||$7,478,253.04|| |
|3/23/2015||Bernard G Brautigan||EVP||Sell||30,000||$107.52||$3,225,600.00|| |
|3/23/2015||Michael Balmuth||Chairman||Sell||84,719||$107.26||$9,086,959.94|| |
|3/23/2015||Sullivan Michael B O||Insider||Sell||56,817||$106.99||$6,078,850.83|| |
|3/19/2015||Lisa R Panattoni||Insider||Sell||53,994||$105.92||$5,719,044.48|| |
|3/9/2015||Sullivan Michael B O||Insider||Sell||11,399||$105.05||$1,197,464.95|| |
|3/3/2015||Sullivan Michael B O||Insider||Sell||38,000||$105.32||$4,002,160.00|| |
|3/2/2015||Michael J Bush||Director||Sell||36,760||$105.88||$3,892,148.80|| |
|10/10/2014||James S Fassio||Insider||Sell||17,114||$76.74||$1,313,328.36|| |
|10/3/2014||James S Fassio||Insider||Sell||20,000||$77.00||$1,540,000.00|| |
|9/26/2014||Sullivan Michael B O||Insider||Sell||10,000||$75.60||$756,000.00|| |
|9/19/2014||K Gunnar Bjorkland||Director||Sell||8,244||$75.55||$622,834.20|| |
|9/18/2014||Sullivan Michael B O||Insider||Sell||117,114||$75.58||$8,851,476.12|| |
|9/8/2014||John G Call||EVP||Sell||28,000||$76.13||$2,131,640.00|| |
|9/4/2014||James S Fassio||Insider||Sell||20,000||$77.00||$1,540,000.00|| |
|9/2/2014||James S Fassio||Insider||Sell||20,000||$76.00||$1,520,000.00|| |
|8/27/2014||James S Fassio||Insider||Sell||20,000||$75.00||$1,500,000.00|| |
|5/27/2014||Michael Balmuth||CEO||Sell||134,376||$68.10||$9,151,005.60|| |
|4/10/2014||Douglas Baker||Insider||Sell||4,000||$71.15||$284,600.00||264,085|| |
|4/9/2014||Douglas Baker||Insider||Sell||6,000||$70.96||$425,760.00||264,085|| |
|4/4/2014||Lisa Panattoni||EVP||Sell||5,932||$73.45||$435,705.40||202,003|| |
|4/3/2014||Barbara Rentler||Insider||Sell||7,259||$74.02||$537,311.18||280,886|| |
|4/2/2014||Michael Bush||Director||Sell||16,000||$73.35||$1,173,600.00||24,864|| |
|3/25/2014||Douglas Baker||Insider||Sell||10,000||$72.00||$720,000.00||264,001|| |
|3/21/2014||Barbara Rentler||Insider||Sell||14,160||$73.53||$1,041,184.80||276,810|| |
|3/20/2014||Barbara Rentler||Insider||Sell||14,000||$72.60||$1,016,400.00||290,970|| |
|3/19/2014||Barbara Rentler||Insider||Sell||22,146||$72.59||$1,607,578.14||304,970|| |
|3/19/2014||Lisa Panattoni||EVP||Sell||27,809||$72.74||$2,022,826.66||198,475|| |
|3/19/2014||Michael Hartshorn||CFO||Sell||2,362||$73.12||$172,709.44||31,486|| |
|3/4/2014||Michael Hartshorn||CFO||Sell||2,406||$72.74||$175,012.44||35,268|| |
|3/3/2014||Michael Balmuth||CEO||Sell||150,673||$72.04||$10,854,482.92||144,257|| |
|9/18/2013||James Fassio||Insider||Sell||10,000||$72.00||$720,000.00||254,541|| |
|9/13/2013||Barbara Rentler||Insider||Sell||12,194||$70.01||$853,701.94||392,973|| |
|9/11/2013||James Fassio||Insider||Sell||10,000||$70.00||$700,000.00||254,541|| |
|9/6/2013||Sullivan Michael B O||Insider||Sell||20,000||$69.37||$1,387,400.00|| |
|9/3/2013||Barbara Rentler||Insider||Sell||25,000||$68.56||$1,714,000.00||405,167|| |
|8/8/2013||James Fassio||Insider||Sell||15,500||$66.88||$1,036,640.00||254,541|| |
|7/12/2013||James S Fassio||Insider||Sell||10,000||$67.00||$670,000.00|| |
|9/14/2012||Sullivan Michael B O||Insider||Sell||49,078||$67.91||$3,332,886.98|| |
|8/22/2012||K Gunnar Bjorkland||Director||Sell||16,000||$69.80||$1,116,800.00|| |
Ross Stores (NASDAQ ROST) News Headlines
Ross Stores (NASDAQ:ROST) SEC Filings
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Ross Stores (NASDAQ:ROST) Income Statement, Balance Sheet and Cash Flow Statement
Ross Stores (NASDAQ ROST) Stock Chart for Friday, May, 25, 2018