Ross Stores (NASDAQ:ROST) Sets New 1-Year High – What’s Next?

Shares of Ross Stores, Inc. (NASDAQ:ROST) reached a new 52-week high during trading on Monday . The stock traded as high as $192.38 and last traded at $192.0140, with a volume of 326093 shares. The stock had previously closed at $191.44.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROST. Jefferies Financial Group restated a “buy” rating and set a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. UBS Group increased their target price on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research report on Thursday. Evercore ISI boosted their target price on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research report on Wednesday, December 17th. Finally, Erste Group Bank initiated coverage on Ross Stores in a research note on Friday, October 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Stock Up 0.4%

The business has a fifty day moving average price of $175.34 and a two-hundred day moving average price of $155.91. The firm has a market capitalization of $62.19 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 4.21 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. On average, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were issued a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s payout ratio is presently 25.31%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ROST. Aspect Partners LLC boosted its holdings in Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after buying an additional 146 shares during the last quarter. American National Bank & Trust acquired a new position in shares of Ross Stores during the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Ross Stores during the 3rd quarter worth approximately $29,000. Bayforest Capital Ltd raised its holdings in shares of Ross Stores by 372.5% during the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Ross Stores by 162.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after buying an additional 148 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

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.