Ross Stores (NASDAQ:ROST) Price Target Raised to $182.00

Ross Stores (NASDAQ:ROST) had its price objective increased by investment analysts at Robert W. Baird from $170.00 to $182.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price target would indicate a potential upside of 13.40% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Wells Fargo & Company upped their price target on shares of Ross Stores from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. UBS Group set a $169.00 target price on shares of Ross Stores in a research note on Friday. Telsey Advisory Group increased their target price on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on Ross Stores from $156.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. Finally, TD Cowen upped their price target on Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.69.

Ross Stores Trading Up 0.0%

Ross Stores stock opened at $160.50 on Friday. The firm has a market cap of $52.20 billion, a price-to-earnings ratio of 25.48, a price-to-earnings-growth ratio of 3.04 and a beta of 1.16. Ross Stores has a 1 year low of $122.36 and a 1 year high of $165.07. The firm’s 50 day moving average price is $155.11 and its two-hundred day moving average price is $145.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.Ross Stores’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. On average, research analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CMO Karen Sykes sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $151.76, for a total value of $607,040.00. Following the transaction, the chief marketing officer directly owned 106,413 shares in the company, valued at approximately $16,149,236.88. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO James Grant Conroy sold 39,351 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total value of $5,745,246.00. Following the completion of the sale, the chief executive officer directly owned 157,153 shares in the company, valued at approximately $22,944,338. This represents a 20.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,720 shares of company stock valued at $7,761,212 in the last three months. 2.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ross Stores

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Aspect Partners LLC increased its holdings in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the period. American National Bank & Trust bought a new stake in shares of Ross Stores in the third quarter valued at about $26,000. Banque Transatlantique SA bought a new stake in shares of Ross Stores in the first quarter valued at about $29,000. Grey Fox Wealth Advisors LLC acquired a new stake in Ross Stores during the third quarter worth about $29,000. Finally, Bayforest Capital Ltd increased its stake in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.