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NASDAQ:ROST

Ross Stores (ROST) Stock Price, News & Analysis

$150.45
+0.83 (+0.55%)
(As of 02/28/2024 ET)
Today's Range
$149.27
$151.05
50-Day Range
$134.50
$150.45
52-Week Range
$99.00
$151.05
Volume
1.59 million shs
Average Volume
1.72 million shs
Market Capitalization
$50.65 billion
P/E Ratio
29.79
Dividend Yield
0.89%
Price Target
$135.42

Ross Stores MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.82 Rating Score
Upside/​Downside
10.0% Downside
$135.42 Price Target
Short Interest
Healthy
1.18% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
0.82mentions of Ross Stores in the last 14 days
Based on 26 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
9.14%
From $5.36 to $5.85 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.

3.61 out of 5 stars

Retail/Wholesale Sector

86th out of 207 stocks

Family Clothing Stores Industry

4th 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 primarily 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

Ross Stores (ROST) Set to Announce Earnings on Tuesday
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Ross Stores (NASDAQ:ROST) Upgraded to "Neutral" by UBS Group
ROST Mar 2024 137.000 put
ROST Mar 2024 120.000 call
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
ROST Mar 2024 122.000 put
UBS Upgrades Ross Stores (ROST)
Ross Stores Stock (NASDAQ:ROST) Insider Trades
Nvidia And Meta Are Just Two Of These 12 'Perfect' Stocks
ROST Mar 2024 141.000 call
ROST Feb 2024 145.000 call
ROST Jan 2026 160.000 call
Ross Stores Inc.
See More Headlines
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Company Calendar

Last Earnings
8/17/2023
Ex-Dividend for 12/29 Dividend
12/04/2023
Dividend Payable
12/29/2023
Today
2/28/2024
Next Earnings (Confirmed)
3/05/2024
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
101,000
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$135.42
High Stock Price Target
$165.00
Low Stock Price Target
$112.00
Potential Upside/Downside
-10.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$1.51 billion
Pretax Margin
11.53%

Debt

Sales & Book Value

Annual Sales
$18.70 billion
Cash Flow
$5.64 per share
Book Value
$12.45 per share

Miscellaneous

Free Float
329,933,000
Market Cap
$50.67 billion
Optionable
Optionable
Beta
1.04

Social Links

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Ross Stores was last updated on Thursday, February 22, 2024 at 9:38 PM.

Pros

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

  • Ross Stores, Inc. reported strong quarterly earnings results, beating the consensus estimate, indicating a healthy financial performance.
  • The company has a solid net margin of 8.75% and a return on equity of 38.83%, showcasing efficient operations and profitability.
  • Analysts have given Ross Stores, Inc. a "Moderate Buy" rating with an average target price of $131.05, suggesting positive sentiment and growth potential.
  • Ross Stores, Inc. recently announced a quarterly dividend, providing additional income for investors.
  • The company's stock price has shown resilience and growth, reflecting investor confidence in its future prospects.

Cons

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

  • Despite positive ratings, there is always a level of risk associated with investing in retail companies, especially in a competitive market environment.
  • The retail sector can be sensitive to economic downturns, impacting consumer spending and ultimately affecting the company's performance.
  • Market volatility and external factors can influence the stock price of Ross Stores, Inc., leading to potential fluctuations in investment returns.
  • Changes in consumer preferences and shopping habits could pose challenges for Ross Stores, Inc. in adapting to evolving market trends.
  • Uncertainties in global economic conditions may impact the company's supply chain, costs, and overall financial stability.














ROST Stock Analysis - Frequently Asked Questions

Should I buy or sell Ross Stores stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 3 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ROST shares.
View ROST analyst ratings
or view top-rated stocks.

What is Ross Stores' stock price target for 2024?

17 Wall Street analysts have issued 1-year price objectives for Ross Stores' shares. Their ROST share price targets range from $112.00 to $165.00. On average, they predict the company's stock price to reach $135.42 in the next year. This suggests that the stock has a possible downside of 10.0%.
View analysts price targets for ROST
or view top-rated stocks among Wall Street analysts.

How have ROST shares performed in 2024?

Ross Stores' stock was trading at $138.39 at the start of the year. Since then, ROST stock has increased by 8.7% and is now trading at $150.45.
View the best growth stocks for 2024 here
.

When is Ross Stores' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 5th 2024.
View our ROST earnings forecast
.

How can I listen to Ross Stores' earnings call?

Ross Stores will be holding an earnings conference call on Tuesday, March 5th at 4:15 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13744604".

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) issued its quarterly earnings data on Thursday, August, 17th. The apparel retailer reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.16. The apparel retailer had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.75 billion. Ross Stores had a net margin of 8.75% and a trailing twelve-month return on equity of 38.83%. Ross Stores's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 EPS.
Read the conference call transcript
.

How often does Ross Stores pay dividends? What is the dividend yield for Ross Stores?

Ross Stores declared a quarterly dividend on Wednesday, November 15th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.335 per share on Friday, December 29th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, December 4th.
Read our dividend analysis for ROST
.

Is Ross Stores a good dividend stock?

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.34 per share and currently has a dividend yield of 0.91%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 22.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROST.

How will Ross Stores' stock buyback program work?

Ross Stores announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 1st 2022, which authorizes the company to buyback $1,900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

What guidance has Ross Stores issued on next quarter's earnings?

Ross Stores updated its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of 5.300-5.360 for the period, compared to the consensus EPS estimate of 5.250. The company issued revenue guidance of -.

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.

What other stocks do shareholders of Ross Stores own?

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

Who are Ross Stores' major shareholders?

Ross Stores' stock is owned by a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.49%), Price T Rowe Associates Inc. MD (5.56%), Primecap Management Co. CA (3.21%), Franklin Resources Inc. (1.46%), Massachusetts Financial Services Co. MA (1.41%) and Victory Capital Management Inc. (1.19%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, Brian R Morrow, George Orban, Jeffrey P Burrill, Michael Balmuth, Michael J Bush, Michael J Hartshorn, Michael K Kobayashi, Michael K Kobayashi and Travis Marquette.
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.

Does Ross Stores have any subsidiaries?
The following companies are subsidiares of Ross Stores: Retail Assurance Group Inc., Ross Distribution Company LLC, Ross Dress For Less Inc., Ross Merchandising Inc., and Ross Procurement Inc..
Read More
This page (NASDAQ:ROST) was last updated on 2/28/2024 by MarketBeat.com Staff