Q3 EPS Estimates for Ross Stores Boosted by Zacks Research

Key Points

• Zacks Research raised its Q3 2027 EPS estimate for Ross Stores to $1.82 from $1.70, while maintaining a “Hold” rating. Its full-year 2027 consensus EPS estimate is $8.15.
• Ross Stores recently reported quarterly EPS of $2.66, beating estimates of $1.95, while revenue rose 13.3% year over year to $6.26 billion.
• Analyst sentiment is broadly positive, with 15 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $263.76. The company also declared a quarterly dividend of $0.445 per share.

Ross Stores, Inc. (NASDAQ:ROST - Free Report) - Equities research analysts at Zacks Research upped their Q3 2027 earnings per share estimates for Ross Stores in a note issued to investors on Thursday, September 3rd. Zacks Research analyst Team now forecasts that the apparel retailer will earn $1.82 per share for the quarter, up from their previous estimate of $1.70. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Ross Stores' current full-year earnings is $8.15 per share. Zacks Research also issued estimates for Ross Stores' Q4 2027 earnings at $2.26 EPS, Q1 2028 earnings at $2.09 EPS, Q2 2028 earnings at $2.19 EPS, Q3 2028 earnings at $2.08 EPS, Q4 2028 earnings at $2.48 EPS, FY2028 earnings at $8.84 EPS and Q1 2029 earnings at $2.18 EPS.

Several other research firms have also issued reports on ROST. Morgan Stanley upped their price target on shares of Ross Stores from $231.00 to $234.00 and gave the stock an "equal weight" rating in a research report on Friday, August 21st. Weiss Ratings reissued a "buy (b)" rating on shares of Ross Stores in a research report on Monday, July 6th. Wall Street Zen lowered shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $294.00 target price on shares of Ross Stores in a report on Friday, August 21st. Finally, Robert W. Baird raised their target price on shares of Ross Stores from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $263.76.

Ross Stores Price Performance

NASDAQ:ROST opened at $231.67 on Friday. The stock has a market capitalization of $74.01 billion, a PE ratio of 28.05, a P/E/G ratio of 1.94 and a beta of 0.85. Ross Stores has a 1-year low of $143.39 and a 1-year high of $257.00. The firm has a fifty day simple moving average of $234.17 and a 200 day simple moving average of $224.67. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.56 EPS.

Hedge Funds Weigh In On Ross Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Ethic Inc. lifted its stake in Ross Stores by 25.6% in the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after purchasing an additional 4,847 shares during the last quarter. National Pension Service grew its stake in shares of Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after buying an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Ross Stores during the fourth quarter worth $204,750,000. NewEdge Wealth LLC lifted its stake in shares of Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer's stock valued at $2,656,000 after acquiring an additional 7,353 shares during the last quarter. Finally, Jefferies Financial Group Inc. grew its holdings in shares of Ross Stores by 744.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer's stock worth $38,131,000 after purchasing an additional 186,619 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's payout ratio is 21.55%.

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.

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