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Ross Stores Stock Price, News & Analysis (NASDAQ:ROST)

$132.70
+0.46 (+0.35%)
(As of 12:16 PM ET)
Compare
Today's Range
$132.51
$133.79
50-Day Range
$108.92
$132.65
52-Week Range
$99.00
$133.79
Volume
378,823 shs
Average Volume
2.29 million shs
Market Capitalization
$45.21 billion
P/E Ratio
26.28
Dividend Yield
1.01%
Price Target
$130.70

Ross Stores MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
2.0% Downside
$130.70 Price Target
Short Interest
Healthy
1.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
1.15mentions of Ross Stores in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.32 M Sold Last Quarter
Proj. Earnings Growth
8.77%
From $5.36 to $5.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.62 out of 5 stars

Retail/Wholesale Sector

31st out of 175 stocks

Family Clothing Stores Industry

1st out of 10 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

MarketBeat Week in Review – 11/20 - 11/24 (ROST)
Stocks continued to rally as investors shrugged off a cautious retail outlook, but the rally's breadth remains limited to specific stocks and sectors
Plan to own one retailer? Make it this one (ROST)
Dollar for dollar, Ross is arguably the strongest-performing retail stock to own this holiday season.
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
S&P 500's Whirlwind: Big gains, warning whispers & tactical moves (ROST)
The S&P 500's bullish momentum fueled by techs faces headwinds with revenue setbacks, the EV market cooling, and cautionary signals for investors to monitor.
Gap, Ross Stores rise; BJ's Wholesale, ChargePoint fall, Friday, 11/17/2023
Stocks that are trading heavily or have substantial price changes on Friday: Gap, Ross Stores rise; BJ’s Wholesale, ChargePoint fall
5 reasons TJX Companies will hit new highs in 2024 (ROST)
The TJX Companies had a solid quarter showing that off-price retail is gaining momentum while Target is losing ground. One stock will shine in 2024
Compound your way to wealth with these retail stocks (ROST)
You will not expect these two names to be the ones to guide you by the hand on your journey to building wealth, but numbers don't lie
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Ross Stores Inc's Dividend Analysis
Ross Stores (NASDAQ:ROST) Sets New 12-Month High at $132.08
Petco (WOOF) Q3 Earnings Miss Estimates, Sales Decline Y/Y
Ross Stores (ROST) Upgraded to Buy: Here's Why
Company News for Nov 20, 2023
Sprouts Farmers (SFM) Poised on Customer-Centric Approach
Burlington (BURL) Q3 Earnings: What To Expect
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/01/2023
Dividend Payable
9/29/2023
Last Earnings
11/16/2023
Ex-Dividend for 12/29 Dividend
12/04/2023
Today
12/06/2023
Dividend Payable
12/29/2023
Fiscal Year End
1/31/2024
Next Earnings (Estimated)
2/27/2024

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
$130.70
High Stock Price Target
$142.00
Low Stock Price Target
$84.00
Potential Upside/Downside
-1.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$1.51 billion
Pretax Margin
11.53%

Debt

Sales & Book Value

Annual Sales
$18.70 billion
Cash Flow
$5.54 per share
Book Value
$12.45 per share

Miscellaneous

Free Float
333,843,000
Market Cap
$45.05 billion
Optionable
Optionable
Beta
1.02

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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 Tuesday, November 28, 2023 at 9:32 AM.

Pros

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

  • Ross Stores, Inc. operates off-price retail apparel and home fashion stores, which can attract budget-conscious consumers looking for discounted products.
  • The company has a strong presence in the United States with its Ross Dress for Less and dd's DISCOUNTS brand names, providing a wide reach to potential customers.
  • Institutional investors, who currently own a significant portion of the stock, have shown confidence in Ross Stores, Inc., indicating potential growth prospects.
  • The company's focus on middle-income households and moderate-income households allows it to target a broad customer base, increasing its market potential.
  • Ross Stores, Inc. has a long-standing history since its incorporation in 1957, demonstrating stability and experience in the retail industry.

Cons

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

  • The apparel retail industry is highly competitive, and Ross Stores, Inc. may face challenges in maintaining market share and profitability.
  • The company's performance is influenced by consumer spending patterns, which can be affected by economic downturns or changes in consumer preferences.
  • Recent developments, such as the impact of the COVID-19 pandemic, may have negatively affected the company's financial performance and could continue to pose risks in the future.
  • Investors should closely monitor the company's stock price and financial indicators to make informed investment decisions, as stock prices can fluctuate based on market conditions and investor sentiment.
  • The apparel retail industry is subject to fashion trends and changing consumer preferences, which may require Ross Stores, Inc. to adapt its product offerings to remain competitive.














ROST Stock Analysis - Frequently Asked Questions

Should I buy or sell Ross Stores stock right now?

18 Wall Street 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 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?

18 brokers have issued 12 month target prices for Ross Stores' shares. Their ROST share price targets range from $84.00 to $142.00. On average, they anticipate the company's stock price to reach $130.70 in the next year. This suggests that the stock has a possible downside of 2.0%.
View analysts price targets for ROST
or view top-rated stocks among Wall Street analysts.

How have ROST shares performed in 2023?

Ross Stores' stock was trading at $116.07 at the beginning of the year. Since then, ROST shares have increased by 14.9% and is now trading at $133.41.
View the best growth stocks for 2023 here
.

When is Ross Stores' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our ROST earnings forecast
.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings results on Thursday, November, 16th. The apparel retailer reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. The apparel retailer had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.84 billion. Ross Stores had a net margin of 8.75% and a trailing twelve-month return on equity of 38.83%. The firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share.
Read the conference call transcript
.

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

Ross Stores announced a quarterly dividend on Wednesday, November 15th. Stockholders 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 1.00%. 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 1.01%. 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 22.98% 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 stock 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 reacquire up to 6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

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

Ross Stores issued an update on its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided EPS guidance of $1.56-$1.62 for the period, compared to the consensus earnings per share estimate of $1.62. 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 retail and institutional investors. Top institutional investors include Primecap Management Co. CA (3.20%), FMR LLC (2.52%), Massachusetts Financial Services Co. MA (1.46%), Victory Capital Management Inc. (1.30%), Morgan Stanley (1.26%) and Wellington Management Group LLP (1.21%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/6/2023 by MarketBeat.com Staff

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