Ross Stores (ROST) to Release Quarterly Earnings on Tuesday

Ross Stores (NASDAQ:ROST) will likely be posting its quarterly earnings results 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. Investors that are interested in participating in the company’s conference call can do so using this link.

Ross Stores Stock Down 0.5 %

ROST opened at $135.93 on Tuesday. The firm has a market capitalization of $44.85 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. Ross Stores has a one year low of $127.53 and a one year high of $163.60. The company has a fifty day moving average price of $147.65 and a 200-day moving average price of $147.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Evercore ISI upped their target price on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 target price (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday. Finally, Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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.