Ross Stores (NASDAQ:ROST) Updates Q3 2026 Earnings Guidance

Key Points

• Ross Stores raised or reaffirmed Q3 FY2026 EPS guidance at $1.75–$1.83, slightly above the consensus estimate of $1.74, and provided full-year FY2026 EPS guidance of $8.61–$8.77.
• The retailer’s latest reported quarter was strong: EPS came in at $2.02 versus the $1.73 consensus, while revenue rose 20.6% year over year to $6.01 billion.
• Ross declared a quarterly dividend of $0.445 per share, equivalent to $1.78 annually and a roughly 0.8% yield. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $244.76.

Ross Stores (NASDAQ:ROST - Get Free Report) updated its third quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.750-1.830 for the period, compared to the consensus EPS estimate of 1.740. The company issued revenue guidance of -. Ross Stores also updated its FY 2026 guidance to 8.610-8.770 EPS.

Ross Stores Price Performance

NASDAQ ROST traded down $5.70 during trading hours on Thursday, reaching $228.99. 4,775,468 shares of the stock traded hands, compared to its average volume of 2,717,548. The stock has a 50 day simple moving average of $234.03 and a two-hundred day simple moving average of $221.46. Ross Stores has a 1 year low of $143.39 and a 1 year high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The company has a market cap of $73.46 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company's revenue was up 20.6% compared to the same quarter last year. On average, analysts predict that Ross Stores will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is currently 24.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays boosted their target price on Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Sanford C. Bernstein reissued a "market perform" rating and set a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. UBS Group reiterated a "buy" rating on shares of Ross Stores in a research report on Tuesday. Morgan Stanley set a $231.00 price target on shares of Ross Stores in a research note on Wednesday, August 5th. Finally, Truist Financial upped their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and an average target price of $244.76.

Ross Stores News Summary

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

• Positive Sentiment: Ross Stores’ first-quarter performance provided a strong foundation, with the company posting its strongest comparable-store sales growth in its 40-year history. Investors are looking for evidence that the momentum is continuing into the second quarter. Live: Will Ross Crush Q2 Earnings Tonight After Its Record Q1?
• Positive Sentiment: The board declared a regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend supports investor returns, although the annualized yield is modest at approximately 0.8%. Ross Stores Announces Quarterly Dividend
• Neutral Sentiment: Analysts generally expect second-quarter earnings per share of roughly $1.94–$1.95 and revenue of about $6.15–$6.16 billion. The company also opened 47 new stores, highlighting ongoing expansion. Ross Stores Earnings Preview
• Negative Sentiment: Shares were trading near their 52-week high before the report, leaving less room for disappointment. Options markets implied a potential move of about 6.94% around earnings, signaling elevated volatility and concern that results or guidance may not exceed already-optimistic expectations. Retail Earnings Implied Moves

Institutional Trading of Ross Stores

Several large investors have recently modified their holdings of the business. Virtus Advisers LLC purchased a new position in Ross Stores during the 4th quarter valued at about $32,000. Quarry LP lifted its holdings in Ross Stores by 1,124.0% in the 4th quarter. Quarry LP now owns 306 shares of the apparel retailer's stock worth $55,000 after buying an additional 281 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Ross Stores in the 4th quarter worth approximately $60,000. Quattro Advisors LLC bought a new stake in shares of Ross Stores in the 4th quarter worth approximately $70,000. Finally, Johnson Financial Group Inc. raised its holdings in shares of Ross Stores by 189.1% during the fourth quarter. Johnson Financial Group Inc. now owns 396 shares of the apparel retailer's stock valued at $71,000 after acquiring an additional 259 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

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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