FY2024 Earnings Estimate for Ross Stores, Inc. Issued By William Blair (NASDAQ:ROST)

Ross Stores, Inc. (NASDAQ:ROST) – Stock analysts at William Blair upped their FY2024 earnings estimates for shares of Ross Stores in a note issued to investors on Friday, November 17th. William Blair analyst D. Carden now anticipates that the apparel retailer will post earnings of $5.32 per share for the year, up from their prior forecast of $5.23. The consensus estimate for Ross Stores’ current full-year earnings is $5.24 per share. William Blair also issued estimates for Ross Stores’ Q3 2025 earnings at $1.53 EPS.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. The company had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Ross Stores had a net margin of 8.75% and a return on equity of 39.34%. Ross Stores’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 EPS.

Several other brokerages have also recently weighed in on ROST. UBS Group raised their price objective on Ross Stores from $80.00 to $84.00 and gave the company a “sell” rating in a research note on Friday, August 18th. BMO Capital Markets boosted their target price on Ross Stores from $127.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays increased their target price on Ross Stores from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $130.00 price objective on shares of Ross Stores in a research note on Monday, November 13th. Finally, Wells Fargo & Company raised their price target on Ross Stores from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.38.

Ross Stores Stock Up 0.5 %

ROST stock opened at $129.43 on Monday. The stock has a market capitalization of $44.09 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The firm has a 50-day moving average price of $116.63 and a 200-day moving average price of $112.66. The company has a current ratio of 1.83, a quick ratio of 1.25 and a debt-to-equity ratio of 0.55. Ross Stores has a 12 month low of $99.00 and a 12 month high of $131.31.

Institutional Trading of Ross Stores

A number of hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its position in shares of Ross Stores by 1.6% during the third quarter. Atria Wealth Solutions Inc. now owns 5,309 shares of the apparel retailer’s stock valued at $600,000 after acquiring an additional 85 shares during the last quarter. Steph & Co. boosted its position in shares of Ross Stores by 4.5% in the 3rd quarter. Steph & Co. now owns 2,048 shares of the apparel retailer’s stock worth $231,000 after buying an additional 88 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in shares of Ross Stores by 3.1% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 3,021 shares of the apparel retailer’s stock worth $341,000 after buying an additional 91 shares in the last quarter. Global Retirement Partners LLC increased its stake in shares of Ross Stores by 14.1% during the 3rd quarter. Global Retirement Partners LLC now owns 783 shares of the apparel retailer’s stock valued at $88,000 after acquiring an additional 97 shares during the last quarter. Finally, CX Institutional increased its position in Ross Stores by 4.7% during the 1st quarter. CX Institutional now owns 2,249 shares of the apparel retailer’s stock worth $243,000 after purchasing an additional 100 shares in the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ross Stores news, CMO Brian R. Morrow sold 25,945 shares of Ross Stores stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $121.53, for a total transaction of $3,153,095.85. Following the transaction, the chief marketing officer now owns 67,033 shares of the company’s stock, valued at approximately $8,146,520.49. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $119.07, for a total value of $2,381,400.00. Following the completion of the sale, the chief executive officer now owns 305,425 shares in the company, valued at approximately $36,366,954.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Brian R. Morrow sold 25,945 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $121.53, for a total transaction of $3,153,095.85. Following the completion of the sale, the chief marketing officer now directly owns 67,033 shares of the company’s stock, valued at $8,146,520.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,948 shares of company stock valued at $10,643,727. 2.00% of the stock is owned by insiders.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 5th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, December 4th. Ross Stores’s payout ratio is 26.53%.

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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.