Ross Stores (ROST) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 1 sell rating, 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ROST shares.
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18 analysts have issued 12-month price targets for Ross Stores' stock. Their ROST share price forecasts range from $84.00 to $142.00. On average, they anticipate the company's share price to reach $127.00 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price.
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Ross Stores' stock was trading at $116.07 at the beginning of 2023. Since then, ROST stock has decreased by 6.2% and is now trading at $108.92.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) released 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 trailing twelve-month return on equity of 37.36% and a net margin of 8.36%. The business's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.11 earnings per share.
Read the conference call transcript.

Ross Stores declared a quarterly dividend on Wednesday, August 16th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.335 per share on Friday, September 29th. This represents a $1.34 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Friday, September 1st.
Read our dividend analysis for ROST.

ETFs with the largest weight of Ross Stores (NASDAQ:ROST) stock in their portfolio include WBI BullBear Quality 3000 ETF (WBIL), VictoryShares THB Mid Cap ESG ETF (MDCP), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM), Democratic Large Cap Core ETF (DEMZ), VanEck Retail ETF (RTH), First Trust Growth Strength ETF (FTGS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD) and iShares U.S. Consumer Focused ETF (IEDI).

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.22%. 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 28.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 23.30% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROST.

Ross Stores announced that its board has initiated a share buyback program on Tuesday, March 1st 2022, which authorizes the company to repurchase $1,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Ross Stores issued an update on its third quarter 2023 earnings guidance on Friday, August, 18th. The company provided earnings per share guidance of $1.16-$1.21 for the period, compared to the consensus EPS estimate of $1.16. The company issued revenue guidance of -.

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.

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).

Ross Stores trades on the NASDAQ under the ticker symbol "ROST."

Ross Stores' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (7.95%), State Street Corp (4.20%), JPMorgan Chase & Co. (2.32%), Geode Capital Management LLC (2.21%), Goldman Sachs Group Inc. (1.57%) and Victory Capital Management Inc. (1.36%). 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.
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Shares of ROST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ROST stock can currently be purchased for approximately $108.92.

Ross Stores (NASDAQ:ROST) has a market capitalization of $37.10 billion and generates $18.70 billion in revenue each year. The apparel retailer earns $1.51 billion in net income (profit) each year or $4.72 on an earnings per share basis.

The company employs 101,000 workers across the globe.

Ross Stores' mailing address is 5130 HACIENDA DRIVE, DUBLIN CA, 94568. The official website for the company is www.rossstores.com. The apparel retailer can be reached via phone at (925) 965-4400, via email at investor.relations1@ros.com, or via fax at 925-965-4181.