Ross Stores - ROST Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ROST shares.
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18 Wall Street analysts have issued 1-year target prices for Ross Stores' stock. Their ROST share price forecasts range from $70.00 to $130.00. On average, they expect the company's share price to reach $114.30 in the next year. This suggests that the stock has a possible downside of 1.6%.
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Ross Stores' stock was trading at $114.28 at the beginning of 2022. Since then, ROST stock has increased by 1.7% and is now trading at $116.20.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 7th 2023.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) released its quarterly earnings results on Thursday, November, 17th. The apparel retailer reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.19. The apparel retailer earned $4.57 billion during the quarter, compared to the consensus estimate of $4.37 billion. Ross Stores had a net margin of 7.74% and a trailing twelve-month return on equity of 34.95%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company earned $1.09 earnings per share.
Read the conference call transcript.

Ross Stores declared a quarterly dividend on Wednesday, November 16th. Investors of record on Tuesday, December 6th will be given a dividend of $0.31 per share on Friday, December 30th. This represents a $1.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, December 5th.
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 1.07%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 25.20% 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 of Directors has initiated a stock repurchase 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 reacquire up to 6% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

Ross Stores updated its fourth quarter 2022 earnings guidance on Thursday, November, 17th. The company provided earnings per share (EPS) guidance of $1.13-$1.26 for the period, compared to the consensus estimate of $1.13. 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 retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (13.49%), BlackRock Inc. (8.98%), Vanguard Group Inc. (8.02%), State Street Corp (4.36%), Primecap Management Co. CA (3.26%) and Massachusetts Financial Services Co. MA (1.65%). 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 $116.20.

Ross Stores (NASDAQ:ROST) has a market capitalization of $40.33 billion and generates $18.92 billion in revenue each year. The apparel retailer earns $1.72 billion in net income (profit) each year or $4.12 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.