Ross Stores - ROST Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ROST shares.
View ROST analyst ratings or view top-rated stocks.

17 equities research analysts have issued 1-year price objectives for Ross Stores' stock. Their ROST share price forecasts range from $70.00 to $129.00. On average, they anticipate the company's share price to reach $102.22 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
View analysts price targets for ROST or view top-rated stocks among Wall Street analysts.

Ross Stores' stock was trading at $114.28 on January 1st, 2022. Since then, ROST shares have decreased by 21.8% and is now trading at $89.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) released its quarterly earnings results on Thursday, August, 18th. The apparel retailer reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.13. The apparel retailer earned $4.58 billion during the quarter, compared to analysts' expectations of $4.62 billion. Ross Stores had a net margin of 7.97% and a trailing twelve-month return on equity of 36.36%. The business's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.39 earnings per share.
Read the conference call transcript.

Ross Stores announced a quarterly dividend on Wednesday, August 17th. Shareholders of record on Tuesday, September 6th will be paid a dividend of $0.31 per share on Friday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, September 2nd.
Read our dividend analysis for ROST.

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 26.96% 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 of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Ross Stores issued an update on its third quarter 2022 earnings guidance on Thursday, September, 15th. The company provided EPS guidance of $0.72-$0.83 for the period, compared to the consensus estimate of $1.07. 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 Somerset Trust Co (0.01%) and Wedmont Private Capital (0.00%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, Brian R Morrow, George Orban, 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 $89.38.

Ross Stores (NASDAQ:ROST) has a market capitalization of $31.02 billion and generates $18.92 billion in revenue each year. The apparel retailer earns $1.72 billion in net income (profit) each year or $4.21 on an earnings per share basis.

The company employs 100,000 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.