Wall Street analysts expect that Ross Stores, Inc. (NASDAQ:ROST) will report $3.77 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Ross Stores’ earnings, with the lowest sales estimate coming in at $3.75 billion and the highest estimate coming in at $3.80 billion. Ross Stores reported sales of $3.55 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 19th.

On average, analysts expect that Ross Stores will report full year sales of $15.90 billion for the current fiscal year, with estimates ranging from $15.84 billion to $15.97 billion. For the next financial year, analysts forecast that the company will post sales of $16.88 billion, with estimates ranging from $16.73 billion to $17.08 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Ross Stores.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share.

ROST has been the subject of several research reports. Wells Fargo & Co boosted their price objective on shares of Ross Stores from $104.00 to $116.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Cowen set a $116.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Friday, August 23rd. Robert W. Baird reissued an “outperform” rating and set a $114.00 price objective (up from $108.00) on shares of Ross Stores in a report on Friday, August 23rd. Citigroup boosted their price objective on shares of Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ross Stores presently has an average rating of “Buy” and a consensus price target of $107.61.

In other Ross Stores news, insider James S. Fassio sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $103.38, for a total value of $6,202,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Barbara Rentler sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.06, for a total transaction of $2,676,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 200,238 shares of company stock valued at $20,989,814. 2.30% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC bought a new position in shares of Ross Stores in the second quarter worth approximately $25,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Ross Stores in the second quarter worth approximately $31,000. Litman Gregory Asset Management LLC bought a new position in shares of Ross Stores during the second quarter worth $32,000. Berman Capital Advisors LLC boosted its position in shares of Ross Stores by 32.2% during the first quarter. Berman Capital Advisors LLC now owns 522 shares of the apparel retailer’s stock worth $48,000 after acquiring an additional 127 shares during the last quarter. Finally, Thor Advisors LLC bought a new position in shares of Ross Stores during the first quarter worth $54,000. Institutional investors and hedge funds own 88.93% of the company’s stock.

Shares of NASDAQ ROST traded up $0.54 during midday trading on Tuesday, hitting $108.13. The stock had a trading volume of 184,065 shares, compared to its average volume of 2,048,623. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $105.53 and its 200-day moving average is $99.54. Ross Stores has a 52 week low of $75.91 and a 52 week high of $110.88. The company has a market cap of $39.28 billion, a P/E ratio of 25.38, a PEG ratio of 2.33 and a beta of 0.84.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.255 per share. The ex-dividend date is Wednesday, September 11th. This represents a $1.02 dividend on an annualized basis and a yield of 0.94%. Ross Stores’s dividend payout ratio is currently 23.94%.

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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