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 6 hold ratings and 11 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 analysts have issued 12 month target prices for Ross Stores' shares. 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 year. This suggests a possible upside of 21.1% from the stock's current price.
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Ross Stores' stock was trading at $114.28 at the start of the year. Since then, ROST stock has decreased by 26.1% and is now trading at $84.44.
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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) announced its quarterly earnings data 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 the consensus estimate of $4.62 billion. Ross Stores had a trailing twelve-month return on equity of 36.36% and a net margin of 7.97%. Ross Stores's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.39 earnings per share.
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Ross Stores declared 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date 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 1.47%. 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 declared that its board has approved a share repurchase plan on Tuesday, March 1st 2022, which allows the company to buyback $1,900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's management believes its shares are undervalued.

Ross Stores updated its third quarter 2022 earnings guidance on Thursday, September, 15th. The company provided earnings per share (EPS) guidance of $0.72-$0.83 for the period, compared to the consensus EPS 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 variety of institutional and retail investors. Top institutional shareholders 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, 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 $84.44.

Ross Stores (NASDAQ:ROST) has a market capitalization of $29.31 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.