Ross Stores (ROST) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 1 sell rating, 1 hold rating 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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14 Wall Street analysts have issued twelve-month price targets for Ross Stores' shares. Their ROST share price forecasts range from $70.00 to $135.00. On average, they expect the company's stock price to reach $117.76 in the next twelve months. This suggests a possible upside of 15.6% from the stock's current price.
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Ross Stores' stock was trading at $116.07 at the start of the year. Since then, ROST stock has decreased by 12.2% and is now trading at $101.90.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 17th 2023.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) announced its earnings results on Thursday, May, 18th. The apparel retailer reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.03. The apparel retailer had revenue of $4.49 billion for the quarter, compared to analysts' expectations of $4.48 billion. Ross Stores had a trailing twelve-month return on equity of 36.62% and a net margin of 8.19%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share.
Read the conference call transcript.

Ross Stores announced a quarterly dividend on Wednesday, May 17th. Investors of record on Tuesday, June 6th will be given a dividend of $0.335 per share on Friday, June 30th. This represents a $1.34 annualized dividend and a yield of 1.32%. The ex-dividend date is Monday, June 5th.
Read our dividend analysis for ROST.

ETFs with the largest weight of Ross Stores (NASDAQ:ROST) stock in their portfolio include ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA), T. Rowe Price Growth Stock ETF (TGRW), VanEck Retail ETF (RTH), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), iShares U.S. Consumer Focused ETF (IEDI), T. Rowe Price Dividend Growth ETF (TDVG), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT) and Democratic Large Cap Core ETF (DEMZ).

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.29%. 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 29.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 24.81% 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 stock buyback program on Tuesday, March 1st 2022, which allows the company to buyback $1,900,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Ross Stores updated its second quarter 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of $1.07-$1.14 for the period, compared to the consensus estimate of $1.25. 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 investors include Price T Rowe Associates Inc. MD (12.02%), BlackRock Inc. (7.80%), State Street Corp (4.21%), FMR LLC (3.31%), Geode Capital Management LLC (2.15%) and JPMorgan Chase & Co. (1.76%). 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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One share of ROST stock can currently be purchased for approximately $101.90.

Ross Stores (NASDAQ:ROST) has a market capitalization of $34.85 billion and generates $18.70 billion in revenue each year. The apparel retailer earns $1.51 billion in net income (profit) each year or $4.51 on an earnings per share basis.

The company employs 101,000 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.