Wall Street analysts expect that Ross Stores, Inc. (NASDAQ:ROST) will announce sales of $4.29 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Ross Stores’ earnings, with the lowest sales estimate coming in at $4.20 billion and the highest estimate coming in at $4.40 billion. Ross Stores reported sales of $4.41 billion in the same quarter last year, which would suggest a negative year over year growth rate of 2.7%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, March 2nd.
According to Zacks, analysts expect that Ross Stores will report full-year sales of $12.56 billion for the current financial year, with estimates ranging from $12.49 billion to $12.64 billion. For the next year, analysts anticipate that the business will report sales of $16.64 billion, with estimates ranging from $15.66 billion to $17.89 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Ross Stores.
A number of brokerages have issued reports on ROST. OTR Global cut Ross Stores to a “positive” rating in a report on Monday, November 9th. MKM Partners boosted their price objective on shares of Ross Stores from $105.00 to $124.00 in a report on Friday, November 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Ross Stores from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, January 21st. Robert W. Baird lifted their price target on shares of Ross Stores from $112.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday, November 20th. Finally, Barclays upped their price objective on shares of Ross Stores from $109.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday, November 20th. Four investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $113.09.
A number of large investors have recently added to or reduced their stakes in ROST. CX Institutional raised its holdings in shares of Ross Stores by 20.5% in the fourth quarter. CX Institutional now owns 546 shares of the apparel retailer’s stock valued at $67,000 after purchasing an additional 93 shares during the last quarter. Regentatlantic Capital LLC lifted its position in Ross Stores by 4.0% during the 4th quarter. Regentatlantic Capital LLC now owns 2,494 shares of the apparel retailer’s stock worth $306,000 after buying an additional 95 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of Ross Stores by 0.9% during the 4th quarter. Optimum Investment Advisors now owns 11,661 shares of the apparel retailer’s stock worth $1,432,000 after buying an additional 100 shares during the last quarter. Saturna Capital CORP boosted its stake in shares of Ross Stores by 0.7% during the 3rd quarter. Saturna Capital CORP now owns 15,720 shares of the apparel retailer’s stock worth $1,467,000 after buying an additional 105 shares during the last quarter. Finally, Seeyond grew its holdings in shares of Ross Stores by 2.0% in the 3rd quarter. Seeyond now owns 5,880 shares of the apparel retailer’s stock valued at $549,000 after acquiring an additional 116 shares in the last quarter. 83.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Ross Stores stock traded down $2.01 during trading on Thursday, reaching $119.49. 45,844 shares of the company were exchanged, compared to its average volume of 1,696,841. The business has a 50-day moving average price of $117.50 and a 200-day moving average price of $104.67. The firm has a market capitalization of $42.59 billion, a price-to-earnings ratio of 144.64, a P/E/G ratio of 8.16 and a beta of 0.95. The company has a quick ratio of 1.24, a current ratio of 1.65 and a debt-to-equity ratio of 0.83. Ross Stores has a twelve month low of $56.30 and a twelve month high of $123.80.
Ross Stores Company Profile
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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