Ross Stores (ROST) Stock Price, News & Analysis

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROST shares.
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18 Wall Street analysts have issued 1-year price objectives for Ross Stores' stock. Their ROST share price targets range from $112.00 to $172.00. On average, they anticipate the company's share price to reach $155.21 in the next year. This suggests a possible upside of 15.5% from the stock's current price.
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Ross Stores' stock was trading at $138.39 at the beginning of 2024. Since then, ROST stock has decreased by 2.9% and is now trading at $134.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings data on Tuesday, March, 5th. The apparel retailer reported $1.82 EPS for the quarter, topping the consensus estimate of $1.63 by $0.19. The apparel retailer earned $6.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. Ross Stores had a trailing twelve-month return on equity of 41.15% and a net margin of 9.20%. The firm's quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 earnings per share.
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Ross Stores announced a quarterly dividend on Tuesday, March 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.3675 per share on Friday, March 29th. This represents a $1.47 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for ROST.

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.47 per share and currently has a dividend yield of 1.08%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 22.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROST.

ETFs with the largest weight of Ross Stores (NASDAQ:ROST) stock in their portfolio include VictoryShares THB Mid Cap ESG ETF (MDCP), Democratic Large Cap Core ETF (DEMZ), VanEck Retail ETF (RTH), First Trust Growth Strength ETF (FTGS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), iShares U.S. Consumer Focused ETF (IEDI), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and SPDR S&P Retail ETF (XRT).

Ross Stores declared that its Board of Directors has initiated a stock buyback plan on Tuesday, March 5th 2024, which permits the company to buyback $2,100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its stock is undervalued.

Ross Stores issued an update on its first quarter 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of 1.290-1.350 for the period, compared to the consensus estimate of 1.270. The company issued revenue guidance of -.

1,341 employees have rated Ross Stores Chief Executive Officer Barbara Rentler on Glassdoor.com. Barbara Rentler has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ross Stores investors own include Walt Disney (DIS), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Visa (V), Cisco Systems (CSCO), Starbucks (SBUX), Alibaba Group (BABA) and Walmart (WMT).

Ross Stores' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.42%), Nexus Investment Management ULC (0.08%), Artemis Investment Management LLP (0.03%), Global Assets Advisory LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, George Orban, Jeffrey P Burrill, Larree M Renda, Michael Balmuth, Michael J Bush, Michael J Hartshorn, Michael K Kobayashi and Patricia H Mueller.
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Shares of ROST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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