Ross Stores, Inc. (ROST) To Go Ex-Dividend on June 9th

Ross Stores, Inc. (NASDAQ:ROST) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Tuesday, June 9th will be paid a dividend of 0.445 per share by the apparel retailer on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th.

Ross Stores has increased its dividend by an average of 0.4%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Ross Stores has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ross Stores to earn $8.43 per share next year, which means the company should continue to be able to cover its $1.78 annual dividend with an expected future payout ratio of 21.1%.

Ross Stores Trading Down 1.2%

Shares of Ross Stores stock opened at $230.37 on Friday. Ross Stores has a 1 year low of $124.49 and a 1 year high of $237.41. The firm has a market cap of $73.90 billion, a PE ratio of 32.17, a P/E/G ratio of 2.59 and a beta of 0.86. The stock has a fifty day moving average price of $223.03 and a 200-day moving average price of $201.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm posted $1.47 EPS. The business’s revenue was up 20.6% compared to the same quarter last year. Ross Stores has set its FY 2026 guidance at 7.500-7.740 EPS and its Q2 2026 guidance at 1.850-1.930 EPS. Equities research analysts anticipate that Ross Stores will post 7.73 EPS for the current year.

Analysts Set New Price Targets

ROST has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. Wall Street Zen raised Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Citigroup raised their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Company Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off?price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand?name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.