Zacks Research downgraded shares of Ross Stores (NASDAQ:ROST – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.
Several other research firms have also recently commented on ROST. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Morgan Stanley set a $231.00 target price on shares of Ross Stores in a research report on Wednesday. Finally, Guggenheim reaffirmed a “buy” rating and set a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.12.
View Our Latest Stock Report on ROST
Ross Stores Stock Up 0.9%
Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the business posted $1.47 earnings per share. Ross Stores’s revenue for the quarter was up 20.6% on a year-over-year basis. 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. As a group, equities analysts anticipate that Ross Stores will post 7.74 earnings per share for the current fiscal year.
Ross Stores Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is 24.86%.
Hedge Funds Weigh In On Ross Stores
Several hedge funds and other institutional investors have recently modified their holdings of ROST. Woodline Partners LP increased its stake in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. raised its stake in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its position in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after acquiring an additional 2,792 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in shares of Ross Stores by 2.2% during the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
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.
Read More
- Five stocks we like better than Ross Stores
- These Outperforming Giants Are Boosting Dividends in 2026, With Yields of Up to 6.6%
- Why Analysts Are Bullish on a Stock That’s Down 20%
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
