Ross Stores (NASDAQ:ROST) Receives Market Perform Rating from Telsey Advisory Group

Ross Stores (NASDAQ:ROST - Get Free Report)'s stock had its "market perform" rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $150.00 target price on the apparel retailer's stock. Telsey Advisory Group's target price points to a potential upside of 6.16% from the company's previous close. 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.

Several other equities analysts have also recently weighed in on the stock. Citigroup raised shares of Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 target price for the company in a research note on Thursday, April 3rd. Barclays boosted their price target on Ross Stores from $150.00 to $157.00 and gave the company an "overweight" rating in a report on Monday, May 12th. Evercore ISI dropped their price objective on shares of Ross Stores from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on Ross Stores from $130.00 to $128.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Finally, BMO Capital Markets lowered their price objective on Ross Stores from $168.00 to $156.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Five research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $158.67.

Ross Stores Trading Up 2.9%

Shares of ROST traded up $4.03 during trading hours on Friday, reaching $141.29. 7,565,954 shares of the company traded hands, compared to its average volume of 3,121,067. Ross Stores has a 12 month low of $122.36 and a 12 month high of $163.60. The company has a market capitalization of $46.46 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. The company's fifty day moving average price is $138.42 and its two-hundred day moving average price is $142.94. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.94 billion. During the same period in the previous year, the company earned $1.46 earnings per share. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts predict that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CMO Karen Sykes sold 5,036 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the sale, the chief marketing officer now directly owns 110,365 shares of the company's stock, valued at approximately $14,400,425.20. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael Balmuth sold 11,261 shares of the company's stock in a transaction dated 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 transaction, the chairman now directly owns 59,790 shares of the company's stock, valued at $7,868,364. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,398 shares of company stock worth $4,439,950 in the last three months. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Ross Stores

Several large investors have recently made changes to their positions in ROST. Jacobi Capital Management LLC boosted its holdings in Ross Stores by 37.6% during the first 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 stake in Ross Stores by 8.6% in the 1st quarter. Advisors Capital Management LLC now owns 160,169 shares of the apparel retailer's stock valued at $20,468,000 after acquiring an additional 12,723 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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 period. Focus Partners Wealth grew its position in shares of Ross Stores by 6.6% during the 1st 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 in the last quarter. Finally, Bayforest Capital Ltd increased its position in shares of Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 190 shares during the period. Institutional investors own 86.86% of the company's stock.

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.