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

Ross Stores, Inc. (NASDAQ:ROST) has been given a consensus recommendation of “Moderate Buy” by the twenty-one ratings firms that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $233.1765.

Several brokerages have recently weighed in on ROST. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Barclays upped their price target on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Truist Financial raised their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Citigroup boosted their price objective on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd.

Ross Stores Stock Performance

ROST opened at $235.72 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores has a 12-month low of $124.49 and a 12-month high of $242.81. The business has a 50 day moving average of $225.59 and a 200-day moving average of $205.37. The stock has a market cap of $75.61 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.66 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share 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 business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business earned $1.47 EPS. The firm’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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is 24.86%.

Insiders Place Their Bets

In other news, COO Michael J. Hartshorn sold 15,813 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the transaction, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Ross Stores

Institutional investors have recently bought and sold shares of the business. State Street Corp raised its position in shares of Ross Stores by 0.7% in the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after buying an additional 99,975 shares in the last quarter. Bank of America Corp DE increased its stake in Ross Stores by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after acquiring an additional 180,182 shares during the period. Morgan Stanley raised its holdings in Ross Stores by 1.5% in the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock valued at $979,384,000 after acquiring an additional 79,519 shares in the last quarter. Norges Bank acquired a new position in Ross Stores in the 4th quarter valued at $868,360,000. Finally, Viking Global Investors LP lifted its position in shares of Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after acquiring an additional 426,370 shares during the period. Institutional investors own 86.86% of the company’s stock.

About Ross Stores

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.