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. 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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income. As of July 5, 2022, it operated approximately 1,950 stores under the Ross Dress for Less and dd's DISCOUNTS name in 40 states, the District of Columbia, and Guam. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.
Wall Street Analyst Weigh In
ROST has been the subject of several research reports. Loop Capital dropped their target price on shares of Ross Stores from $95.00 to $80.00 and set a "hold" rating for the company in a report on Friday, May 20th. Credit Suisse Group dropped their target price on shares of Ross Stores from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 20th. Robert W. Baird decreased their price target on shares of Ross Stores from $115.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 20th. UBS Group decreased their price target on shares of Ross Stores from $94.00 to $85.00 in a research report on Friday, July 15th. Finally, Barclays decreased their price target on shares of Ross Stores from $119.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, May 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Ross Stores presently has an average rating of "Moderate Buy" and a consensus target price of $99.89.
Ross Stores Price Performance
Shares of ROST opened at $92.00 on Friday. Ross Stores has a 1-year low of $69.24 and a 1-year high of $126.86. The stock has a market cap of $32.19 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 1.16. The firm has a fifty day moving average price of $79.38 and a 200 day moving average price of $88.14.
Ross Stores (NASDAQ:ROST - Get Rating) last announced its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.08. Ross Stores had a net margin of 8.46% and a return on equity of 39.61%. The firm had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.62 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Ross Stores's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ross Stores will post 4.27 EPS for the current year.
Ross Stores Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Tuesday, September 6th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.35%. Ross Stores's dividend payout ratio (DPR) is presently 27.62%.
Insider Buying and Selling at Ross Stores
In other news, Director Michael J. Bush sold 1,000 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $81.46, for a total value of $81,460.00. Following the completion of the sale, the director now directly owns 34,496 shares of the company's stock, valued at $2,810,044.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.