Ross Stores (ROST) Projected to Post Quarterly Earnings on Tuesday

Ross Stores (NASDAQ:ROST) is expected to be releasing its earnings data after the market closes on Tuesday, March 4th. Analysts expect Ross Stores to post earnings of $1.65 per share and revenue of $5.95 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ross Stores Trading Down 0.5 %

ROST opened at $135.93 on Tuesday. Ross Stores has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The firm has a market capitalization of $44.85 billion, a PE ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The company’s 50-day moving average is $147.65 and its 200 day moving average is $147.93.

Wall Street Analyst Weigh In

ROST has been the subject of several analyst reports. TD Cowen dropped their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, Evercore ISI raised their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

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 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.