Several analysts have recently updated their ratings and price targets for Ross Stores (NASDAQ: ROST):
Shares of Ross Stores Inc. (NASDAQ:ROST) opened at 69.25 on Friday. The firm’s 50-day moving average price is $63.97 and its 200-day moving average price is $60.22. Ross Stores Inc. has a 12-month low of $49.06 and a 12-month high of $69.81. The firm has a market capitalization of $27.07 billion, a P/E ratio of 25.46 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The company earned $3.10 billion during the quarter. During the same quarter in the prior year, the company earned $0.53 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Equities analysts predict that Ross Stores Inc. will post $2.81 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be paid 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 dividend yield of 0.78%. Ross Stores’s dividend payout ratio is 19.85%.