Ross Stores Inc. (NASDAQ:ROST) released its earnings results on Thursday. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.96 billion. Ross Stores had a return on equity of 42.01% and a net margin of 8.55%. Ross Stores’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Ross Stores updated its Q4 guidance to $0.72-0.75 EPS.

Shares of Ross Stores (NASDAQ:ROST) opened at 65.53 on Friday. Ross Stores has a one year low of $49.06 and a one year high of $66.28. The firm’s 50-day moving average price is $63.47 and its 200-day moving average price is $59.88. The firm has a market capitalization of $25.99 billion, a P/E ratio of 24.94 and a beta of 0.94.

Earnings History for Ross Stores (NASDAQ:ROST)

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, December 5th. This represents a $0.54 dividend on an annualized basis and a yield of 0.82%. Ross Stores’s payout ratio is currently 20.53%.

In other news, Director Gregory L. Quesnel sold 16,000 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $64.39, for a total transaction of $1,030,240.00. Following the completion of the transaction, the director now directly owns 19,370 shares in the company, valued at approximately $1,247,234.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James S. Fassio sold 12,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dividend Assets Capital LLC raised its position in Ross Stores by 11,841.5% in the second quarter. Dividend Assets Capital LLC now owns 892,030 shares of the apparel retailer’s stock worth $50,569,000 after buying an additional 884,560 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Ross Stores by 2.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 643,096 shares of the apparel retailer’s stock worth $36,457,000 after buying an additional 14,096 shares in the last quarter. Bristol Gate Capital Partners Inc. increased its stake in Ross Stores by 17.4% in the second quarter. Bristol Gate Capital Partners Inc. now owns 508,730 shares of the apparel retailer’s stock worth $28,840,000 after buying an additional 75,398 shares in the last quarter. Cidel Asset Management Inc. increased its stake in Ross Stores by 2.9% in the second quarter. Cidel Asset Management Inc. now owns 201,723 shares of the apparel retailer’s stock worth $11,436,000 after buying an additional 5,708 shares in the last quarter. Finally, Redwood Investments LLC increased its stake in Ross Stores by 3.8% in the second quarter. Redwood Investments LLC now owns 331,029 shares of the apparel retailer’s stock worth $18,766,000 after buying an additional 12,142 shares in the last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.

A number of brokerages have weighed in on ROST. Vetr downgraded Ross Stores from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research report on Monday, August 22nd. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $73.00 price target on the stock in a research report on Monday, August 22nd. MKM Partners reissued a “buy” rating and set a $72.00 price target (up previously from $65.00) on shares of Ross Stores in a research report on Monday, August 22nd. Buckingham Research raised Ross Stores from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Finally, Guggenheim reissued a “buy” rating and set a $70.00 price target on shares of Ross Stores in a research report on Friday, September 30th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.25.

Ross Stores Company Profile

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.

5 Day Chart for NASDAQ:ROST

Receive News & Stock Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related stocks with our FREE daily email newsletter.