Ross Stores March Comps Rise 10%; Forecast Boosted (ROST)

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Discount apparel retailer Ross Stores, Inc. ( ROST ) on Thursday posted much better-than-expected March same-store sales results and lifted its first quarter earnings outlook.

The Pleasanton, CA-based company reported a 10% gain in March comparable sales, easily besting analysts' expectations for a 4.6% gain.

Accordingly, ROST lifted its first quarter earnings outlook to a range of 89 to 91 cents per share, up from 82 to 86 cents. On average, Wall Street analysts expect 88 cents per share for the period.

Ross Stores shares rose $1.43, or +2.5%, in premarket trading Thursday.

The Bottom Line
Shares of Ross Stores ( ROST ) have a .96% dividend yield, based on last night's closing stock price of $58.37. The stock has technical support in the $55-$56 price area. The shares are trading at all-time highs.

Ross Stores, Inc. ( ROST ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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