Ross Stores, Inc. (NASDAQ:ROST) Receives $233.18 Consensus Target Price from Brokerages

Shares of Ross Stores, Inc. (NASDAQ:ROST – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the twenty-one analysts that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $233.1765.

A number of research firms recently commented on ROST. Citigroup lifted their price objective on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price for the company. in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd.

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Institutional Investors Weigh In On Ross Stores

A number of large investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of Ross Stores by 0.7% during the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock worth $2,506,099,000 after purchasing an additional 99,975 shares in the last quarter. Bank of America Corp DE increased its position in Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Morgan Stanley raised its stake in Ross Stores by 1.5% during the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after buying an additional 79,519 shares during the period. Norges Bank acquired a new position in Ross Stores during the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP raised its stake in Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after buying an additional 426,370 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Up 0.7%

Shares of NASDAQ:ROST opened at $252.91 on Thursday. The firm has a market cap of $81.13 billion, a P/E ratio of 35.32, a P/E/G ratio of 2.82 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores has a 12-month low of $137.58 and a 12-month high of $257.00. The business has a fifty day simple moving average of $229.92 and a 200 day simple moving average of $216.59.

Ross Stores (NASDAQ:ROST – Get Free Report) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $1.47 EPS. The business’s quarterly 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. Analysts predict that Ross Stores will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.7%. Ross Stores’s payout ratio is 24.86%.

Ross Stores Company Profile

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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.

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