JPMorgan Chase & Co. Raises Ross Stores (NASDAQ:ROST) Price Target to $272.00

Key Points

• JPMorgan raised Ross Stores’ price target to $272 from $262 and maintained an “overweight” rating, implying about 13.4% upside from the reported share price.
• Ross Stores shares rose 4.8% to $239.93 after the company reported quarterly EPS of $2.66, beating the $1.95 consensus estimate, while revenue increased 13.3% year over year to $6.26 billion.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and average price target of $260.41; however, the stock’s premium valuation and potentially nonrecurring tariff refunds present risks.

Ross Stores (NASDAQ:ROST - Get Free Report) had its price target boosted by research analysts at JPMorgan Chase & Co. from $262.00 to $272.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the apparel retailer's stock. JPMorgan Chase & Co.'s price target points to a potential upside of 13.37% from the stock's current price.

A number of other brokerages also recently issued reports on ROST. Evercore set a $290.00 price target on shares of Ross Stores in a report on Friday. Citigroup reiterated a "buy" rating on shares of Ross Stores in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Ross Stores in a research report on Friday. UBS Group lifted their target price on Ross Stores from $232.00 to $239.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Sanford C. Bernstein increased their price target on Ross Stores from $230.00 to $240.00 and gave the stock a "market perform" rating in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $260.41.

Ross Stores Trading Up 4.8%

Shares of ROST stock traded up $10.94 on Friday, hitting $239.93. 3,267,102 shares of the stock traded hands, compared to its average volume of 2,739,254. The firm's 50-day moving average price is $233.83 and its two-hundred day moving average price is $221.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The stock has a market capitalization of $76.96 billion, a PE ratio of 33.51, a PEG ratio of 2.61 and a beta of 0.86. Ross Stores has a twelve month low of $143.39 and a twelve month high of $257.00.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.16 billion. During the same period last year, the business earned $1.56 earnings per share. Ross Stores's revenue was up 13.3% compared to the same quarter last year. As a group, analysts anticipate that Ross Stores will post 7.81 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Ross Stores in the second quarter valued at approximately $5,938,711,000. Bank of America Corp DE acquired a new stake in Ross Stores during the 2nd quarter worth approximately $2,024,203,000. Primecap Management Co. CA acquired a new stake in Ross Stores during the 2nd quarter worth approximately $1,937,995,000. Norges Bank purchased a new position in Ross Stores in the 4th quarter valued at approximately $868,360,000. Finally, Wellington Management Group LLP grew its stake in shares of Ross Stores by 89.2% in the second quarter. Wellington Management Group LLP now owns 6,615,682 shares of the apparel retailer's stock worth $1,408,148,000 after acquiring an additional 3,118,591 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Results significantly exceeded expectations: Fiscal Q2 revenue rose approximately 13% year over year to $6.26 billion, while diluted EPS reached $2.66 versus the $1.95 consensus estimate and $1.56 a year earlier. Comparable-store sales increased 10%, supported by stronger customer traffic. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Management raised guidance: Fiscal 2026 EPS is now expected at $8.61-$8.77, well above the prior outlook and the approximately $7.31 analyst consensus cited in company guidance data. Third-quarter and fourth-quarter EPS forecasts also exceed consensus expectations. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Momentum appears broad-based: Ross cited traffic gains, improved merchandising and store enhancements, while the CEO said the retailer is gaining market share from competitors. The company raised its fiscal 2026 store-opening plan to 115 locations after opening 47 during the quarter. ROST Q2 Earnings Call Highlights Momentum and Higher Outlook
• Positive Sentiment: Analyst support strengthened: Robert W. Baird raised its price target from $250 to $270 and maintained an Outperform rating. Other analysts also increased forecasts following the earnings beat. Analysts boost forecasts on Ross Stores
• Neutral Sentiment: About $253 million of second-quarter operating income came from IEEPA tariff refunds, which may not recur and could make the earnings beat less representative of underlying profitability.
• Negative Sentiment: BTIG reiterated a Hold rating, citing ROST’s premium valuation despite strong execution. Recent insider activity also shows selling rather than purchases, although these transactions do not necessarily indicate a change in the business outlook. Analyst reiterates Hold on Ross Stores

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.

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