Telsey Advisory Group Estimates Ross Stores Q3 Earnings

Key Points

• Telsey Advisory Group has revised its Q3 2026 earnings per share (EPS) estimate for Ross Stores down from $1.50 to $1.37, while maintaining a "Market Perform" rating with a price target of $160.00.
• Ross Stores recently reported Q2 earnings of $1.56 per share, exceeding consensus estimates by $0.02, with revenue of $5.53 billion compared to an estimate of $5.54 billion.
• The company declared a quarterly dividend of $0.405 per share, marking a yield of 1.1%, with the dividend payable on September 30th to investors recorded by September 9th.

Ross Stores, Inc. (NASDAQ:ROST - Free Report) - Telsey Advisory Group dropped their Q3 2026 earnings per share (EPS) estimates for shares of Ross Stores in a research report issued to clients and investors on Friday, August 22nd. Telsey Advisory Group analyst D. Telsey now anticipates that the apparel retailer will post earnings of $1.37 per share for the quarter, down from their previous forecast of $1.50. Telsey Advisory Group currently has a "Market Perform" rating and a $160.00 target price on the stock. The consensus estimate for Ross Stores' current full-year earnings is $6.17 per share. Telsey Advisory Group also issued estimates for Ross Stores' Q4 2026 earnings at $1.81 EPS, FY2026 earnings at $6.21 EPS, Q2 2027 earnings at $1.70 EPS, Q3 2027 earnings at $1.52 EPS, Q4 2027 earnings at $1.95 EPS and FY2027 earnings at $6.78 EPS.

Several other research firms have also commented on ROST. Jefferies Financial Group raised Ross Stores from a "hold" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Robert W. Baird boosted their price target on Ross Stores from $160.00 to $170.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen downgraded Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Loop Capital lowered their price objective on Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Finally, UBS Group boosted their price target on Ross Stores from $144.00 to $147.00 and gave the stock a "neutral" rating in a research report on Friday. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and an average target price of $160.00.

Ross Stores Stock Performance

Ross Stores stock opened at $147.25 on Monday. The stock's 50 day moving average price is $136.10 and its 200 day moving average price is $137.11. The firm has a market capitalization of $48.16 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. Ross Stores has a one year low of $122.36 and a one year high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.02. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The company's revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ROST. Syon Capital LLC acquired a new position in Ross Stores during the fourth quarter valued at $230,000. Coldstream Capital Management Inc. increased its position in Ross Stores by 7.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 20,211 shares of the apparel retailer's stock worth $3,057,000 after purchasing an additional 1,405 shares during the last quarter. Boothbay Fund Management LLC increased its position in Ross Stores by 616.6% in the 4th quarter. Boothbay Fund Management LLC now owns 21,526 shares of the apparel retailer's stock worth $3,256,000 after purchasing an additional 18,522 shares during the last quarter. Mission Creek Capital Partners Inc. increased its position in Ross Stores by 1.8% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 12,412 shares of the apparel retailer's stock worth $1,878,000 after purchasing an additional 214 shares during the last quarter. Finally, Earnest Partners LLC boosted its stake in shares of Ross Stores by 24.9% during the 4th quarter. Earnest Partners LLC now owns 505,465 shares of the apparel retailer's stock worth $76,462,000 after acquiring an additional 100,843 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 9th. Ross Stores's payout ratio is presently 25.71%.

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.

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