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 twelve months. 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 brokerages have issued twelve-month target prices for Ross Stores' stock. Their ROST share price forecasts range from $84.00 to $142.00. On average, they anticipate the company's stock price to reach $127.00 in the next year. This suggests a possible upside of 16.9% 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 6.4% and is now trading at $108.66.
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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) posted its earnings results on Thursday, August, 17th. The apparel retailer reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.16. The apparel retailer earned $4.93 billion during the quarter, compared to the consensus estimate 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 firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.11 EPS.
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Ross Stores announced a quarterly dividend on Wednesday, August 16th. Investors of record on Tuesday, September 5th will be given a dividend of $0.335 per share on Friday, September 29th. This represents a $1.34 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend 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 declared that its board has authorized a share repurchase program 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 stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Ross Stores updated its third quarter 2023 earnings guidance on Friday, August, 18th. The company provided earnings per share (EPS) guidance of $1.16-$1.21 for the period, compared to the consensus earnings per share 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 a number of 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 $108.66.

Ross Stores (NASDAQ:ROST) has a market capitalization of $37.02 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.