Last $105.81 USD
Change Today +6.76 / 6.82%
Volume 4.4M
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As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

ross stores inc (ROST) Key Developments

Ross Stores Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015

Ross Stores Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended January 31, 2014. For the quarter, the company reported sales of $3,032,698,000 compared to $2,741,040,000 a year ago. Earnings before taxes were $396,380,000 compared to $347,723,000 a year ago. Net earnings were $248,530,000 compared to $217,953,000 a year ago. Diluted earnings per share were $1.20 compared to $1.02 a year ago. For the full year, the company reported sales of $11,041,677,000 compared to $10,230,353,000 a year ago. Earnings before taxes were $1,485,366,000 compared to $1,343,310,000 a year ago. Net earnings were $924,724,000 compared to $837,304,000 a year ago. Diluted earnings per share were $4.42 compared to $3.88 a year ago. Net cash provided by operating activities was $1,372,865,000 compared to $1,022,003,000 a year ago. Additions to property and equipment were $646,691,000 compared to $550,515,000 a year ago. For the fiscal 2015 year ending January 30, 2016, the company is forecasting same store sales to grow 1% to 2% and earnings per share of $4.60 to $4.80, up from $4.42 in fiscal 2014. Capital expenditures in 2015 are projected to be about $450 million, down from $650 million in 2014. Tax rate expected to be in the range of 37% to 38%. For the first quarter ending May 2, 2015, the company’s comparable store sales are projected to increase 2% to 3% with earnings per share forecast in the range of $1.21 to $1.26, up from $1.15 for the same period last year. Total sales are projected to increase 6% to 7% over the prior year. Tax rate is expected to be in the range of 38% to 39%. Net interest expense expected to be of $4 million. Operating margin expected to be in the range of 14.6% to 14.8%.

Ross Stores Inc. Approves Increase in the Quarterly Cash Dividend, Payable on March 31, 2015

Ross Stores Inc. approved an increase in the quarterly cash dividend to $0.235 per share, up 18% on top of an 18% increase in the prior year. This higher quarterly dividend is payable on March 31, 2015 to stockholders of record as of March 9, 2015.

Ross Dress for Less to Open a New Store in Reseda, California on March 7, 2015

Ross Dress for Less announced that it will open a new store in Reseda, CA on March 7, 2015. The store is located at the intersection of Victory Boulevard and Tampa Avenue in the San Fernando Valley community of Reseda.

Ross Dress for Less to Open Two New Stores in the Miami, Florida Area

Ross Dress for Less will open two new stores in the Miami area on March 7, 2015. The stores are located in Miller Square at Miller Drive and SW 137th Avenue in Kendall Lakes, 15 miles southwest from downtown Miami; and Fountain Square in Fountainbleau, along Flagler Street, four miles southwest of Miami International Airport. With these new locations, Ross will operate 146 stores in Florida.

Ross Dress to Open New Store in Kissimmee, Florida

Ross Stores Inc. will open a new store in Kissimmee, FL on March 7th, bringing the total to 144 stores in its third state. The store is located in The Crosslands along Osceola Parkway and Orange Blossom Trail in Kissimmee, seven miles north of Disney World.

 

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ROST

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Valuation ROST Industry Range
Price/Earnings 23.9x
Price/Sales 2.0x
Price/Book 9.5x
Price/Cash Flow 23.9x
TEV/Sales 1.9x
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