Ross Stores (NASDAQ:ROST) Given "Market Perform" Rating at Telsey Advisory Group

Ross Stores (NASDAQ:ROST - Get Free Report)'s stock had its "market perform" rating reiterated by stock analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They presently have a $150.00 price objective on the apparel retailer's stock. Telsey Advisory Group's price target points to a potential upside of 6.95% from the stock's current price. Telsey Advisory Group also issued estimates for Ross Stores' Q2 2026 earnings at $1.55 EPS, Q3 2026 earnings at $1.50 EPS, Q4 2026 earnings at $1.75 EPS, FY2026 earnings at $6.26 EPS, Q1 2027 earnings at $1.62 EPS, Q2 2027 earnings at $1.69 EPS, Q3 2027 earnings at $1.63 EPS, Q4 2027 earnings at $1.89 EPS and FY2027 earnings at $6.84 EPS.

A number of other research firms have also recently commented on ROST. BMO Capital Markets decreased their target price on shares of Ross Stores from $168.00 to $156.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price objective on shares of Ross Stores from $166.00 to $161.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays increased their price objective on shares of Ross Stores from $150.00 to $157.00 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Wells Fargo & Company boosted their target price on Ross Stores from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Finally, Citigroup upgraded Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price target on the stock in a research note on Thursday, April 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.67.

Ross Stores Trading Down 0.7%

Shares of NASDAQ ROST traded down $1.04 during midday trading on Friday, reaching $140.25. 1,473,970 shares of the stock were exchanged, compared to its average volume of 2,701,193. The stock has a market capitalization of $46.12 billion, a P/E ratio of 22.13, a PEG ratio of 2.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The company has a 50 day simple moving average of $138.75 and a 200 day simple moving average of $142.93. Ross Stores has a twelve month low of $122.36 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.98 billion during the quarter, compared to analyst estimates 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 business posted $1.46 earnings per share. As a group, equities analysts expect that Ross Stores will post 6.17 earnings per share for the current year.

Insider Activity

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.73, for a total transaction of $671,272.47. Following the completion of the transaction, the chief marketing officer now owns 94,063 shares in the company, valued at $11,826,540.99. The trade was a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Michael Balmuth sold 11,261 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the completion of the sale, the chairman now directly owns 59,790 shares in the company, valued at approximately $7,868,364. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,398 shares of company stock worth $4,439,950. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ross Stores

A number of institutional investors and hedge funds have recently modified their holdings of ROST. Jacobi Capital Management LLC lifted its holdings in Ross Stores by 37.6% during the 1st quarter. Jacobi Capital Management LLC now owns 2,619 shares of the apparel retailer's stock worth $335,000 after buying an additional 716 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of Ross Stores by 8.6% during the 1st quarter. Advisors Capital Management LLC now owns 160,169 shares of the apparel retailer's stock worth $20,468,000 after acquiring an additional 12,723 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer's stock worth $79,000 after purchasing an additional 117 shares during the last quarter. Focus Partners Wealth lifted its stake in Ross Stores by 6.6% during the first quarter. Focus Partners Wealth now owns 18,129 shares of the apparel retailer's stock worth $2,317,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Bayforest Capital Ltd boosted its holdings in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Company Profile

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.