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NASDAQ:ROST

Ross Stores - ROST Stock Forecast, Price & News

$91.01
-0.99 (-1.08%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$89.27
$93.77
50-Day Range
$70.23
$92.82
52-Week Range
$69.24
$125.72
Volume
4.91 million shs
Average Volume
3.35 million shs
Market Capitalization
$31.85 billion
P/E Ratio
20.27
Dividend Yield
1.35%
Price Target
$99.89

Ross Stores MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
12.0% Upside
$101.89 Price Target
Short Interest
Healthy
2.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
-0.11mentions of Ross Stores in the last 14 days
Based on 51 Articles This Week
Insider Trading
Selling Shares
$81,460 Sold Last Quarter
Proj. Earnings Growth
11.61%
From $4.22 to $4.71 Per Share

Overall MarketRank

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

2.72 out of 5 stars

Retail/Wholesale Sector

52nd out of 219 stocks

Family Clothing Stores Industry

4th out of 10 stocks

ROST stock logo

About Ross Stores (NASDAQ:ROST) Stock

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. 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. As of July 5, 2022, it operated approximately 1,950 stores under the Ross Dress for Less and dd's DISCOUNTS name in 40 states, the District of Columbia, and Guam. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.

Wall Street Analyst Weigh In

ROST has been the subject of several research reports. Loop Capital dropped their target price on shares of Ross Stores from $95.00 to $80.00 and set a "hold" rating for the company in a report on Friday, May 20th. Credit Suisse Group dropped their target price on shares of Ross Stores from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, May 20th. Robert W. Baird decreased their price target on shares of Ross Stores from $115.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, May 20th. UBS Group decreased their price target on shares of Ross Stores from $94.00 to $85.00 in a research report on Friday, July 15th. Finally, Barclays decreased their price target on shares of Ross Stores from $119.00 to $85.00 and set an "overweight" rating for the company in a research report on Monday, May 23rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Ross Stores presently has an average rating of "Moderate Buy" and a consensus target price of $99.89.

Ross Stores Price Performance

Shares of ROST opened at $92.00 on Friday. Ross Stores has a 1-year low of $69.24 and a 1-year high of $126.86. The stock has a market cap of $32.19 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 1.16. The firm has a fifty day moving average price of $79.38 and a 200 day moving average price of $88.14.

Ross Stores (NASDAQ:ROST - Get Rating) last announced its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.08. Ross Stores had a net margin of 8.46% and a return on equity of 39.61%. The firm had revenue of $4.58 billion during the quarter, compared to analysts' expectations of $4.62 billion. During the same period in the previous year, the company earned $1.39 earnings per share. Ross Stores's quarterly revenue was down 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ross Stores will post 4.27 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Tuesday, September 6th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.35%. Ross Stores's dividend payout ratio (DPR) is presently 27.62%.

Insider Buying and Selling at Ross Stores

In other news, Director Michael J. Bush sold 1,000 shares of the company's stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $81.46, for a total value of $81,460.00. Following the completion of the sale, the director now directly owns 34,496 shares of the company's stock, valued at $2,810,044.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by company insiders.

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ROST Stock News Headlines

Near-Term Headwinds Present An Opportunity In Ross Stores
Ross Stores' stock price is pulling back into a buying opportunity on weak results. While weak, the results still support a healthy capital return program.
These Stocks Outperformed Last Time There Was A Recession (ROST)
With two consecutive quarters of declines in GDP and inflation continuing to run hot, investors may be worried about how their portfolios
Read How Analysts Reacted To Ross Stores' Q2 Results
Ross Stores Reports Q2 EPS Beat, Guidance Misses
Ross Stores Reports Second Quarter Earnings
Ross Stores Inc. Q2 Profit Falls
Ross Stores stock slips on soft sales, light guidance
Nasdaq 100 Movers: ZM, ROST
Analysts Set Ross Stores, Inc. (NASDAQ:ROST) PT at $99.89
See More Headlines
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ROST Company Calendar

Ex-Dividend for 6/30 Dividend
6/06/2022
Dividend Payable
6/30/2022
Last Earnings
8/18/2022
Today
8/19/2022
Ex-Dividend for 9/30 Dividend
9/02/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
11/17/2022
Fiscal Year End
1/31/2023

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Apparel Retail
Current Symbol
NASDAQ:ROST
CUSIP
77829610
Employees
100,000
Year Founded
1982

Price Target and Rating

Average Stock Price Forecast
$101.89
High Stock Price Forecast
$129.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
+9.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
17 Analysts

Profitability

Net Income
$1.72 billion
Pretax Margin
11.13%

Debt

Sales & Book Value

Annual Sales
$18.92 billion
Cash Flow
$5.78 per share
Book Value
$11.49 per share

Miscellaneous

Free Float
343,277,000
Market Cap
$31.85 billion
Optionable
Optionable
Beta
1.03

Social Links


Key Executives

  • Ms. Barbara  RentlerMs. Barbara Rentler (Age 65)
    Vice Chairman & CEO
    Comp: $6.19M
  • Mr. Michael K. KobayashiMr. Michael K. Kobayashi (Age 58)
    Pres & Chief Capability Officer
    Comp: $3.09M
  • Mr. Michael J. Hartshorn (Age 54)
    Group Pres, COO & Director
  • Mr. Adam M. Orvos (Age 57)
    Exec. VP & CFO
    Comp: $2.46M
  • Mr. Norman A. Ferber (Age 73)
    Sr. Advisor
    Comp: $2.24M
  • Mr. Michael  BalmuthMr. Michael Balmuth (Age 71)
    Sr. Advisor
    Comp: $7.04M
  • Mr. Brian R. Morrow (Age 62)
    Pres & Chief Merchandising Officer of dd's DISCOUNTS
    Comp: $3.05M
  • Connie Kao
    Group VP of Investor & Media Relations
  • Mr. Ken Jew
    Group Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Ken Caruana
    Exec. VP of Strategy, Marketing & HR













ROST Stock - Frequently Asked Questions

Should I buy or sell Ross Stores stock right now?

17 Wall Street research 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 research analysts is that investors should "buy" ROST shares.
View ROST analyst ratings
or view top-rated stocks.

What is Ross Stores' stock price forecast for 2022?

17 equities research analysts have issued 1-year price targets for Ross Stores' stock. Their ROST share price forecasts range from $70.00 to $129.00. On average, they expect the company's stock price to reach $101.89 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price.
View analysts price targets for ROST
or view top-rated stocks among Wall Street analysts.

How have ROST shares performed in 2022?

Ross Stores' stock was trading at $114.28 at the beginning of 2022. Since then, ROST shares have decreased by 20.4% and is now trading at $91.01.
View the best growth stocks for 2022 here
.

When is Ross Stores' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our ROST earnings forecast
.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings results on Thursday, August, 18th. The apparel retailer reported $1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.08. The apparel retailer earned $4.58 billion during the quarter, compared to analyst estimates of $4.62 billion. Ross Stores had a net margin of 8.46% and a trailing twelve-month return on equity of 39.61%. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.39 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, August 17th. Investors 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 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, September 2nd.
Read our dividend analysis for ROST
.

Is Ross Stores a good dividend stock?

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 26.33% 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 declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 1st 2022, which permits the company to repurchase $1,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

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

Ross Stores updated its fourth quarter earnings guidance on Thursday, August, 18th. The company provided earnings per share (EPS) guidance of $1.04-1.21 for the period, compared to the consensus EPS estimate of $1.23.

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).

What is Ross Stores' stock symbol?

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

Who are Ross Stores' major shareholders?

Ross Stores' stock is owned by a variety of retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (14.19%), State Street Corp (4.35%), FMR LLC (3.92%), Primecap Management Co. CA (3.23%), Victory Capital Management Inc. (1.73%) and Massachusetts Financial Services Co. MA (1.71%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, Brian R Morrow, George Orban, James S Fassio, 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.

What is Ross Stores' stock price today?

One share of ROST stock can currently be purchased for approximately $91.01.

How much money does Ross Stores make?

Ross Stores (NASDAQ:ROST) has a market capitalization of $31.85 billion and generates $18.92 billion in revenue each year. The apparel retailer earns $1.72 billion in net income (profit) each year or $4.49 on an earnings per share basis.

How many employees does Ross Stores have?

The company employs 100,000 workers across the globe.

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
When was Ross Stores founded?

Ross Stores was founded in 1982.

How can I contact Ross Stores?

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.

This page (NASDAQ:ROST) was last updated on 8/19/2022 by MarketBeat.com Staff

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