Todays Report: Today, Research Analysts’ Recent Ratings Changes for Ross Stores (ROST)

Today, Research Analysts’ Recent Ratings Changes for Ross Stores (ROST)

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%.

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