Brokerages forecast that Ross Stores, Inc. (NASDAQ:ROST) will report sales of $3.95 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Ross Stores’ earnings, with the highest sales estimate coming in at $4.00 billion and the lowest estimate coming in at $3.88 billion. Ross Stores reported sales of $3.51 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Ross Stores will report full year sales of $3.95 billion for the current financial year, with estimates ranging from $13.95 billion to $14.07 billion. For the next year, analysts expect that the business will report sales of $14.61 billion per share, with estimates ranging from $14.40 billion to $14.86 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Ross Stores.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. Ross Stores’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS.

A number of brokerages recently issued reports on ROST. BidaskClub upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Cowen set a $78.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Jefferies Group set a $66.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Buckingham Research upped their price objective on shares of Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Finally, BMO Capital Markets upped their price objective on shares of Ross Stores from $65.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, November 17th. Nine analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Ross Stores currently has a consensus rating of “Buy” and a consensus target price of $73.71.

Shares of Ross Stores (NASDAQ ROST) traded up $0.46 during trading hours on Friday, reaching $80.91. 2,313,200 shares of the company were exchanged, compared to its average volume of 2,454,367. The company has a market capitalization of $31,230.00, a PE ratio of 25.85, a PEG ratio of 2.45 and a beta of 1.14. Ross Stores has a 12-month low of $52.85 and a 12-month high of $81.48. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, November 30th. Ross Stores’s dividend payout ratio is 20.45%.

A number of institutional investors have recently added to or reduced their stakes in ROST. Calamos Advisors LLC raised its position in shares of Ross Stores by 18.4% during the second quarter. Calamos Advisors LLC now owns 47,554 shares of the apparel retailer’s stock valued at $2,745,000 after buying an additional 7,398 shares during the last quarter. IFM Investors Pty Ltd acquired a new position in shares of Ross Stores during the second quarter valued at about $625,000. Schroder Investment Management Group raised its position in shares of Ross Stores by 32.7% during the second quarter. Schroder Investment Management Group now owns 414,158 shares of the apparel retailer’s stock valued at $23,731,000 after buying an additional 102,051 shares during the last quarter. Tredje AP fonden raised its position in shares of Ross Stores by 0.8% during the second quarter. Tredje AP fonden now owns 70,043 shares of the apparel retailer’s stock valued at $4,053,000 after buying an additional 590 shares during the last quarter. Finally, Engineers Gate Manager LP raised its position in shares of Ross Stores by 1,156.6% during the second quarter. Engineers Gate Manager LP now owns 87,773 shares of the apparel retailer’s stock valued at $5,067,000 after buying an additional 80,788 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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

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