Ross Stores (NASDAQ:ROST) posted its quarterly earnings data on Thursday. The apparel retailer reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.86), MarketWatch Earnings reports. Ross Stores had a net margin of 6.63% and a return on equity of 34.38%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $1.15 earnings per share. The firm’s revenue was down 51.4% compared to the same quarter last year.
Shares of ROST stock opened at $93.88 on Friday. The stock’s fifty day moving average is $87.44 and its 200-day moving average is $104.45. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.59 and a current ratio of 1.27. The stock has a market capitalization of $34.43 billion, a PE ratio of 36.39, a PEG ratio of 3.79 and a beta of 0.80. Ross Stores has a 52 week low of $56.30 and a 52 week high of $124.16.
Several equities research analysts have recently weighed in on ROST shares. Royal Bank of Canada increased their price objective on Ross Stores from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group reduced their price objective on Ross Stores from $124.00 to $86.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Telsey Advisory Group increased their price objective on Ross Stores from $96.00 to $101.00 and gave the company a “market perform” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Ross Stores from $94.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Bank of America restated a “buy” rating and issued a $110.00 target price (up from $105.00) on shares of Ross Stores in a research note on Friday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $108.54.
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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