Ross Stores Inc. (NASDAQ:ROST) – Equities research analysts at Jefferies Group increased their FY2017 earnings per share (EPS) estimates for shares of Ross Stores in a report issued on Friday. Jefferies Group analyst R. Konik now anticipates that the firm will earn $2.80 per share for the year, up from their previous forecast of $2.73. Jefferies Group currently has a “Hold” rating and a $59.00 price target on the stock. Jefferies Group also issued estimates for Ross Stores’ FY2018 earnings at $3.08 EPS.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The business earned $3.10 billion during the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS.

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

ROST has been the subject of a number of other research reports. Goldman Sachs Group Inc. reiterated a “neutral” rating and issued a $64.00 price objective on shares of Ross Stores in a research report on Monday, August 1st. Buckingham Research upgraded shares of Ross Stores from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group upped their price objective on shares of Ross Stores from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. Finally, Royal Bank Of Canada upped their price objective on shares of Ross Stores from $65.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. Ross Stores has a consensus rating of “Hold” and an average price target of $67.08.

Shares of Ross Stores (NASDAQ:ROST) traded up 0.86% during mid-day trading on Monday, reaching $69.53. 816,350 shares of the company’s stock traded hands. The stock has a market capitalization of $27.57 billion, a PE ratio of 26.47 and a beta of 0.94. The company’s 50-day moving average price is $63.83 and its 200-day moving average price is $60.16. Ross Stores has a 12-month low of $49.06 and a 12-month high of $69.81.

Large investors have recently made changes to their positions in the stock. Dividend Assets Capital LLC raised its stake in shares of 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 last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of 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 during the last quarter. Bristol Gate Capital Partners Inc. raised its stake in shares of 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 during the last quarter. Cidel Asset Management Inc. raised its stake in shares of 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 during the last quarter. Finally, Redwood Investments LLC raised its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.

In other news, insider James S. Fassio sold 12,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total value of $760,200.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $62.54, for a total transaction of $1,250,800.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be issued a $0.135 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.78%. Ross Stores’s payout ratio is 19.85%.

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About Ross Stores

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

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