Q2 EPS Estimates for Ross Stores Lowered by Zacks Research

Ross Stores, Inc. (NASDAQ:ROST - Free Report) - Stock analysts at Zacks Research cut their Q2 2026 earnings per share estimates for Ross Stores in a research report issued to clients and investors on Thursday, June 5th. Zacks Research analyst R. Lohia now anticipates that the apparel retailer will post earnings per share of $1.53 for the quarter, down from their previous estimate of $1.62. The consensus estimate for Ross Stores' current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Ross Stores' Q3 2026 earnings at $1.45 EPS, Q4 2026 earnings at $1.72 EPS, Q2 2027 earnings at $1.73 EPS, Q3 2027 earnings at $1.67 EPS, Q4 2027 earnings at $1.78 EPS, FY2027 earnings at $6.75 EPS, Q1 2028 earnings at $1.69 EPS and FY2028 earnings at $7.18 EPS.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 EPS.

ROST has been the topic of several other research reports. Wells Fargo & Company decreased their price target on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. UBS Group reduced their target price on Ross Stores from $168.00 to $163.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Barclays dropped their price target on Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Telsey Advisory Group restated a "market perform" rating and set a $150.00 price target on shares of Ross Stores in a report on Friday, May 23rd. Finally, Citigroup raised Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price objective on the stock in a research note on Thursday, April 3rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and a consensus price target of $158.67.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $2.92 during midday trading on Monday, reaching $133.47. 6,157,382 shares of the company were exchanged, compared to its average volume of 2,727,605. The stock has a market cap of $43.89 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14. The business's fifty day moving average is $141.51 and its two-hundred day moving average is $142.89. Ross Stores has a one year low of $122.36 and a one year high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Institutional Trading of Ross Stores

Hedge funds and other institutional investors have recently bought and sold shares of the business. Larson Financial Group LLC grew its holdings in shares of Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 107 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Banque Transatlantique SA bought a new position in Ross Stores in the 1st quarter worth about $29,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Ross Stores during the fourth quarter worth approximately $31,000. Finally, Bayforest Capital Ltd raised its stake in shares of Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.

Insider Buying and Selling at Ross Stores

In related news, CMO Karen Fleming sold 5,270 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $127.70, for a total transaction of $672,979.00. Following the completion of the sale, the chief marketing officer now directly owns 93,126 shares of the company's stock, valued at approximately $11,892,190.20. This trade represents a 5.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael J. Hartshorn sold 7,492 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the transaction, the chief operating officer now owns 139,091 shares of the company's stock, valued at approximately $17,760,529.79. The trade was a 5.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,398 shares of company stock worth $4,439,950 over the last quarter. Insiders own 2.20% of the company's stock.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, June 10th. Ross Stores's payout ratio is 25.59%.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.