Ross Stores, Inc. (ROST) To Go Ex-Dividend on December 5th

Ross Stores, Inc. (NASDAQ:ROST) declared a quarterly dividend on Wednesday, November 20th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.255 per share by the apparel retailer on Tuesday, December 31st. This represents a $1.02 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of ROST traded down $1.62 during trading hours on Tuesday, reaching $114.38. 14,152 shares of the company’s stock traded hands, compared to its average volume of 1,837,899. Ross Stores has a 12 month low of $75.91 and a 12 month high of $117.58. The company has a current ratio of 1.26, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. The stock has a market cap of $42.01 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.81. The firm’s 50 day simple moving average is $112.31 and its 200-day simple moving average is $105.62.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.06. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the business earned $0.91 earnings per share. Ross Stores’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts expect that Ross Stores will post 4.57 earnings per share for the current fiscal year.

ROST has been the topic of several research reports. UBS Group raised their price objective on shares of Ross Stores from $104.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Jefferies Financial Group set a $100.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Friday, August 23rd. Guggenheim increased their target price on Ross Stores from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Deutsche Bank increased their target price on Ross Stores from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, BidaskClub upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Ross Stores has a consensus rating of “Buy” and a consensus target price of $114.50.

In other news, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $110.01, for a total transaction of $2,750,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James S. Fassio sold 15,000 shares of Ross Stores stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $108.66, for a total value of $1,629,900.00. Insiders sold 65,000 shares of company stock valued at $7,056,650 over the last three months. 2.30% of the stock is currently owned by insiders.

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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Dividend History for Ross Stores (NASDAQ:ROST)

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