Ross Stores (NASDAQ:ROST) Announces Earnings Results, Beats Expectations By $0.14 EPS

Ross Stores (NASDAQ:ROST) posted its earnings results on Tuesday. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14, Zacks reports. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Ross Stores updated its FY 2025 guidance to 5.950-6.550 EPS and its Q1 2025 guidance to 1.330-1.470 EPS.

Ross Stores Stock Up 2.0 %

Shares of NASDAQ:ROST opened at $138.64 on Thursday. Ross Stores has a 12-month low of $127.53 and a 12-month high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $146.03 and its 200-day moving average price is $147.64. The stock has a market capitalization of $45.74 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

Ross Stores Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.17%. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, March 18th. Ross Stores’s dividend payout ratio is presently 23.15%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ROST shares. Telsey Advisory Group lowered their price objective on Ross Stores from $175.00 to $150.00 and set a “market perform” rating on the stock in a research report on Wednesday. TD Cowen lowered their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Loop Capital decreased their price objective on shares of Ross Stores from $190.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird lowered their target price on shares of Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average target price of $162.12.

About Ross Stores

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.