$0.34 EPS Expected for Ross Stores, Inc. (NASDAQ:ROST) This Quarter

Analysts predict that Ross Stores, Inc. (NASDAQ:ROST) will post earnings per share of $0.34 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Ross Stores’ earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at ($0.15). Ross Stores reported earnings of $1.14 per share during the same quarter last year, which would suggest a negative year over year growth rate of 70.2%. The firm is scheduled to issue its next earnings results on Thursday, August 27th.

On average, analysts expect that Ross Stores will report full-year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $1.97 to $3.50. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.30 per share, with EPS estimates ranging from $3.35 to $4.75. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Ross Stores.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.86). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ross Stores had a return on equity of 34.38% and a net margin of 6.63%. The firm’s revenue was down 51.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.15 EPS.

A number of equities analysts have weighed in on the company. Morgan Stanley restated a “buy” rating and issued a $105.00 price target on shares of Ross Stores in a report on Monday, April 27th. BMO Capital Markets reduced their target price on Ross Stores from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Royal Bank of Canada increased their target price on Ross Stores from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Barclays increased their target price on Ross Stores from $111.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday. Finally, DA Davidson upgraded Ross Stores from a “neutral” rating to a “buy” rating and increased their target price for the company from $87.00 to $108.00 in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. Ross Stores presently has an average rating of “Buy” and a consensus price target of $108.54.

Several large investors have recently added to or reduced their stakes in ROST. Norges Bank bought a new position in shares of Ross Stores in the fourth quarter worth $420,147,000. Vontobel Asset Management Inc. bought a new position in shares of Ross Stores in the first quarter worth $186,885,000. APG Asset Management N.V. grew its stake in shares of Ross Stores by 1,000.4% in the first quarter. APG Asset Management N.V. now owns 1,208,360 shares of the apparel retailer’s stock worth $100,190,000 after purchasing an additional 1,098,551 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Ross Stores by 27.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,383,326 shares of the apparel retailer’s stock worth $510,307,000 after purchasing an additional 940,447 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Ross Stores by 45.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,129,928 shares of the apparel retailer’s stock worth $185,240,000 after purchasing an additional 663,971 shares in the last quarter. 86.38% of the stock is owned by institutional investors.

NASDAQ ROST traded down $2.99 on Monday, reaching $93.88. The company had a trading volume of 5,320,136 shares, compared to its average volume of 2,676,213. The firm has a market capitalization of $34.43 billion, a PE ratio of 36.39, a P/E/G ratio of 3.79 and a beta of 0.80. Ross Stores has a 1 year low of $56.30 and a 1 year high of $124.16. The firm has a 50-day moving average of $87.44 and a 200-day moving average of $104.45. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.27 and a quick ratio of 0.59.

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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Earnings History and Estimates for Ross Stores (NASDAQ:ROST)

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