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

18 Wall Street 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 research analysts is that investors should "moderate buy" ROST shares.
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18 equities research analysts have issued 12-month price targets for Ross Stores' stock. Their ROST share price targets range from $84.00 to $142.00. On average, they predict the company's share price to reach $130.70 in the next year. This suggests that the stock has a possible downside of 1.1%.
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Ross Stores' stock was trading at $116.07 at the start of the year. Since then, ROST stock has increased by 13.8% and is now trading at $132.14.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings results on Thursday, November, 16th. The apparel retailer reported $1.33 earnings per share 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 the consensus estimate of $4.84 billion. Ross Stores had a trailing twelve-month return on equity of 38.83% and a net margin of 8.75%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS.
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Ross Stores announced a quarterly dividend on Wednesday, November 15th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.335 per share on Friday, December 29th. This represents a $1.34 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, December 4th.
Read our dividend analysis for ROST.

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.

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

Ross Stores updated its fourth quarter 2023 earnings guidance on Thursday, November, 16th. The company provided earnings per share guidance of $1.56-$1.62 for the period, compared to the consensus estimate of $1.62. 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' stock is owned by many different institutional and retail investors. Top institutional shareholders 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.
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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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