Ross Stores, Inc. (NASDAQ:ROST – Free Report) – Research analysts at Zacks Research lifted their FY2027 earnings estimates for shares of Ross Stores in a research report issued to clients and investors on Thursday, September 3rd. Zacks Research analyst Team now expects that the apparel retailer will earn $8.16 per share for the year, up from their previous forecast of $7.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ross Stores’ current full-year earnings is $8.15 per share. Zacks Research also issued estimates for Ross Stores’ Q2 2029 earnings at $2.66 EPS and FY2029 earnings at $9.57 EPS.
Several other equities research analysts have also weighed in on ROST. Barclays boosted their target price on Ross Stores from $260.00 to $298.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Citigroup increased their price target on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, August 21st. Morgan Stanley lifted their price target on shares of Ross Stores from $231.00 to $234.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Sanford C. Bernstein boosted their price objective on shares of Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.
Ross Stores Stock Performance
ROST opened at $229.31 on Monday. The company has a market cap of $73.25 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.94 and a beta of 0.85. The stock has a 50-day moving average of $235.28 and a 200-day moving average of $225.34. Ross Stores has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61.
Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the prior year, the company posted $1.56 earnings per share. Ross Stores’s revenue for the quarter was up 13.3% on a year-over-year basis.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ethic Inc. raised its holdings in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after purchasing an additional 4,847 shares during the period. National Pension Service boosted its position in shares of Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after buying an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Ross Stores in the 4th quarter worth $204,750,000. CIBC Asset Management Inc grew its position in Ross Stores by 33.2% in the 4th quarter. CIBC Asset Management Inc now owns 136,426 shares of the apparel retailer’s stock worth $24,576,000 after purchasing an additional 33,995 shares in the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Ross Stores by 744.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer’s stock valued at $38,131,000 after acquiring an additional 186,619 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Ross Stores Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s dividend payout ratio (DPR) is currently 21.55%.
Ross Stores Company Profile
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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