Ross Stores - ROST Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ROST shares.
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17 Wall Street research analysts have issued twelve-month 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 $99.89 in the next year. This suggests a possible upside of 15.9% 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 stock has decreased by 24.6% and is now trading at $86.18.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our ROST earnings forecast.

Ross Stores will be holding an earnings conference call on Thursday, August 18th at 4:15 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode "13732145".

Ross Stores, Inc. (NASDAQ:ROST) issued its quarterly earnings data on Thursday, May, 19th. The apparel retailer reported $0.97 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by $0.02. The apparel retailer had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.54 billion. Ross Stores had a net margin of 8.46% and a trailing twelve-month return on equity of 39.61%. The company's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.34 earnings per share.
Read the conference call transcript.

Ross Stores declared a quarterly dividend on Wednesday, May 18th. Shareholders of record on Tuesday, June 7th will be paid a dividend of $0.31 per share on Thursday, June 30th. This represents a $1.24 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, June 6th.
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 1.47%. 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 25.25% 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 buyback program on Tuesday, March 1st 2022, which authorizes the company to buyback $1,900,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Ross Stores updated its second quarter 2022 earnings guidance on Thursday, June, 16th. The company provided earnings per share (EPS) guidance of $0.99-$1.07 for the period, compared to the consensus EPS estimate of $1.33. 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 many different retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (1.73%), Principal Financial Group Inc. (0.68%), Coho Partners Ltd. (0.67%), Fenimore Asset Management Inc. (0.48%), Swiss National Bank (0.44%) and TD Asset Management Inc. (0.43%). 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.
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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 $86.18.

Ross Stores (NASDAQ:ROST) has a market capitalization of $30.16 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.

The company employs 100,000 workers across the globe.

Ross Stores was founded in 1982.

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.