NEW YORK (TheStreet) -- Shares of Ross Stores are up 4.55% to $103.56 in after-hours trading today after the company reported fourth quarter earnings and revenue that beat analysts' estimates. The Dublin, CA-based retailer reported fourth quarter earnings of $1.20 on revenue of $3.03 billion, surpassing the average of analysts' estimates that had expected earnings of $1.11 and revenue of $2.93 billion, according to Reuters. For the 2014 fiscal year earnings per share were $4.42 on revenue of $11.04 billion, which also beat estimates of $4.33 in earnings and $10.94 billion in revenue. Exclusive Report: Jim Cramer's Best Stocks for 2015 The company announced a program to repurchase $1.4 billion of its common stock over the next two years through fiscal 2016. The board also recently approved an increase in the quarterly cash dividend to $.235 per share, up 18% on top of an 18% increase in the prior year, the company said. "As we enter 2015, we continue to face ongoing uncertainty and volatility in the macro-economic and retail climates. While we hope to do better, based on these external factors and our own challenging multi-year sales and earnings comparisons, we are remaining somewhat cautious in our outlook," CEO Barbara Rentler said. 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. For the first quarter ending May 2, 2015, 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. Separately, TheStreet Ratings team rates ROSS STORES INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation: "We rate ROSS STORES INC (ROST) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins." You can view the full analysis from the report here: ROST Ratings Report ROST data by YCharts
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