Ross Stores, Inc. (NASDAQ:ROST) declared a quarterly dividend on Monday, November 19th, RTT News reports. Stockholders of record on Friday, December 7th will be paid a dividend of 0.225 per share by the apparel retailer on Friday, December 28th. This represents a $0.90 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, December 6th.
Ross Stores has raised its dividend payment by an average of 17.0% per year over the last three years and has increased its dividend every year for the last 11 years. Ross Stores has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ross Stores to earn $4.47 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 20.1%.
Shares of ROST stock opened at $87.60 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.73 and a current ratio of 1.61. The stock has a market cap of $32.09 billion, a PE ratio of 26.23, a PEG ratio of 2.05 and a beta of 0.98. Ross Stores has a twelve month low of $72.73 and a twelve month high of $104.35.
In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $95.15, for a total transaction of $1,903,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on ROST. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub lowered shares of Ross Stores from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Loop Capital set a $100.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Tuesday, November 20th. Finally, Telsey Advisory Group boosted their price objective on shares of Ross Stores from $98.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, August 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the company. Ross Stores currently has a consensus rating of “Buy” and an average target price of $96.12.
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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 brands in the United States. It 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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