Analysts Set Ross Stores, Inc. (NASDAQ:ROST) Price Target at $233.18

Shares of Ross Stores, Inc. (NASDAQ:ROST) have earned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $233.1765.

Several analysts recently commented on the stock. Citigroup raised their price target on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Truist Financial lifted their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $270.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the sale, the chief operating officer owned 116,028 shares in the company, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This represents a 5.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Ross Stores

Several institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp lifted its position in 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 buying an additional 99,975 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Ross Stores by 1.9% during the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after purchasing an additional 180,182 shares during the last quarter. Morgan Stanley grew its stake in shares of Ross Stores by 1.5% during the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock valued at $979,384,000 after purchasing an additional 79,519 shares during the last quarter. Norges Bank bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $868,360,000. Finally, Viking Global Investors LP grew its stake in shares of Ross Stores by 9.9% during the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after purchasing an additional 426,370 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $240.13 on Wednesday. Ross Stores has a one year low of $124.49 and a one year high of $242.81. The company has a 50-day moving average of $224.97 and a two-hundred day moving average of $204.55. The stock has a market cap of $77.03 billion, a price-to-earnings ratio of 33.54, a PEG ratio of 2.70 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) 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 net margin of 9.74% and a return on equity of 38.42%. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period last year, the company posted $1.47 earnings per share. The business’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. On average, equities research analysts expect that Ross Stores will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

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

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.