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NASDAQ:ROST

Ross Stores (ROST) Stock Price, News & Analysis

$140.91
-0.20 (-0.14%)
(As of 07/26/2024 ET)
Today's Range
$140.42
$142.51
50-Day Range
$131.51
$151.73
52-Week Range
$108.35
$153.06
Volume
1.85 million shs
Average Volume
2.13 million shs
Market Capitalization
$47.00 billion
P/E Ratio
23.76
Dividend Yield
1.04%
Price Target
$159.06

Ross Stores MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
12.9% Upside
$159.06 Price Target
Short Interest
Healthy
1.16% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
1.03mentions of Ross Stores in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$130,206 Sold Last Quarter
Proj. Earnings Growth
9.21%
From $5.97 to $6.52 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Retail/Wholesale Sector

13th out of 201 stocks

Family Clothing Stores Industry

1st out of 11 stocks

ROST stock logo

About Ross Stores Stock (NASDAQ:ROST)

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. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.

ROST Stock Price History

ROST Stock News Headlines

Cropped image of handsome guy with shopping bags doing shopping in the mall
Top 3 Retail Stocks Defying the Earnings Trend: AEO, PLAY, ROST
One of the most closely watched economic indicators is the monthly report on retail sales. In June 2024, the May numbers were reported.
Cropped image of handsome guy with shopping bags doing shopping in the mall
Top 3 Retail Stocks Defying the Earnings Trend: AEO, PLAY, ROST (ROST)
The broader retail sector is under pressure, but these three retail stocks are beating earnings estimates and continue to issue bullish forecasts
Nvidia’s Quiet $1 Trillion Pivot
Nvidia recently added $277 billion in market cap … IN ONE DAY.
ROSS STORES OPENS 24 NEW LOCATIONS
ROSS STORES OPENS 24 NEW LOCATIONS
Prepare for a Recession Unlike Any Other
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
3 Retail Stock Buys for a Balanced Portfolio
Ross Stores (ROST) Receives a Hold from UBS
See More Headlines
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Company Calendar

Last Earnings
5/23/2024
Ex-Dividend for 6/28 Dividend
6/11/2024
Dividend Payable
6/28/2024
Today
7/26/2024
Next Earnings (Estimated)
8/15/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Apparel Retail
Current Symbol
NASDAQ:ROST
CUSIP
77829610
Employees
108,000
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$159.06
High Stock Price Target
$176.00
Low Stock Price Target
$135.00
Potential Upside/Downside
+12.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$1.87 billion
Pretax Margin
12.64%

Debt

Sales & Book Value

Annual Sales
$20.38 billion
Cash Flow
$6.76 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
326,570,000
Market Cap
$47.00 billion
Optionable
Optionable
Beta
1.08

Social Links

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Should I Buy Ross Stores Stock? ROST Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Ross Stores, Inc.:

  • Ross Stores reported strong quarterly earnings with $1.46 EPS, surpassing the consensus estimate by $0.11, indicating financial strength and potential growth.
  • The company has a solid return on equity of 42.24%, showcasing efficient utilization of shareholder funds to generate profits.
  • Ross Stores initiated a share buyback program allowing the repurchase of $2.10 billion in outstanding shares, signaling confidence in the company's value and potential for future growth.
  • The quarterly dividend of $0.3675 per share provides investors with a steady income stream and a dividend yield of 0.98%, enhancing the total return on investment.
  • Analysts have given Ross Stores a consensus rating of "Moderate Buy" with an average price target of $156.58, indicating positive sentiment and potential upside for investors.

Cons

Investors should be bearish about investing in Ross Stores, Inc. for these reasons:

  • Ross Stores was downgraded by analysts from a "buy" rating to a "hold" rating, which may indicate concerns about future growth prospects or market challenges.
  • The stock price has been fluctuating, with recent trading at $149.25, potentially indicating volatility and uncertainty in the market sentiment towards the company.
  • Insider transactions, such as the sale of shares by key executives, could raise questions about insider confidence in the company's future performance or valuation.
  • While the company has a strong dividend payout ratio of 24.79%, investors should consider the sustainability of dividend payments in relation to future earnings and cash flow.
  • Market analysts have issued a mix of hold and buy ratings, suggesting differing opinions on the company's future prospects and potential risks involved in investing.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Ross Stores pros and cons to contact@marketbeat.com.

ROST Stock Analysis - Frequently Asked Questions

How have ROST shares performed this year?

Ross Stores' stock was trading at $138.39 on January 1st, 2024. Since then, ROST stock has increased by 1.8% and is now trading at $140.91.
View the best growth stocks for 2024 here
.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) posted its earnings results on Thursday, May, 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. The company's revenue was up 8.1% on a year-over-year basis.
Read the conference call transcript
.

How will Ross Stores' stock buyback program work?

Ross Stores' board approved a share buyback plan on Tuesday, March 5th 2024, which permits the company to repurchase $2,100,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

What is Barbara Rentler's approval rating as Ross Stores' CEO?

1,341 employees have rated Ross Stores Chief Executive Officer Barbara Rentler on Glassdoor.com. Barbara Rentler has an approval rating of 67% among the company's employees.

Does Ross Stores have any subsidiaries?

Ross Stores subsidiaries include Retail Assurance Group Inc., Ross Distribution Company LLC, Ross Dress For Less Inc., Ross Merchandising Inc., and Ross Procurement Inc..

Who are Ross Stores' major shareholders?

Top institutional investors of Ross Stores include Bank of New York Mellon Corp (0.87%), Sumitomo Mitsui Trust Holdings Inc. (0.23%), Boston Trust Walden Corp (0.21%) and LGT Capital Partners LTD. (0.20%). Insiders that own company stock include Barbara Rentler, Michael J Hartshorn, Brian R Morrow, Michael K Kobayashi, Michael J Bush, Jeffrey P Burrill, Larree M Renda and Patricia H Mueller.
View institutional ownership trends
.

How do I buy shares of Ross Stores?

Shares of ROST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ross Stores own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ross Stores investors own include Walt Disney (DIS), NVIDIA (NVDA), Home Depot (HD), Intel (INTC), Johnson & Johnson (JNJ), Visa (V) and Cisco Systems (CSCO).

This page (NASDAQ:ROST) was last updated on 7/27/2024 by MarketBeat.com Staff

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