Ross Stores Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last twelve months. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Ross Stores stock.
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16 Wall Street research analysts have issued 12 month price objectives for Ross Stores' shares. Their ROST stock forecasts range from $80.00 to $129.00. On average, they anticipate Ross Stores' share price to reach $102.73 in the next year. This suggests a possible upside of 43.9% from the stock's current price.
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Ross Stores' stock was trading at $114.28 at the beginning of the year. Since then, ROST shares have decreased by 37.5% and is now trading at $71.38.
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Ross Stores is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
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Ross Stores, Inc. (NASDAQ:ROST) issued its quarterly earnings results on Thursday, May, 19th. The apparel retailer reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by $0.03. The apparel retailer had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.54 billion. Ross Stores had a trailing twelve-month return on equity of 39.61% and a net margin of 8.46%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share.
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Ross Stores announced 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 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, June 6th.
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Ross Stores(NASDAQ:ROST) pays an annual dividend of $1.24 per share and currently has a dividend yield of 1.77%. Ross Stores does not yet have a strong track record of dividend growth. The dividend payout ratio of Ross Stores is 27.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ross Stores will have a dividend payout ratio of 24.51% next year. This indicates that Ross Stores will be able to sustain or increase its dividend.
View Ross Stores' dividend history.

Ross Stores announced that its Board of Directors has initiated a stock buyback plan on Tuesday, March 1st 2022, which authorizes the company to repurchase $1,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Ross Stores issued an update on 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 earnings per share estimate of $1.33. The company issued revenue guidance of -.

1,341 employees have rated Ross Stores CEO Barbara Rentler on Glassdoor.com. Barbara Rentler has an approval rating of 67% among Ross Stores' employees.

Some companies that are related to Ross Stores include TJX Companies (TJX), Gap (GPS), Foot Locker (FL), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Guess' (GES), Caleres (CAL), Designer Brands (DBI), Abercrombie & Fitch (ANF), Genesco (GCO), Chico's FAS (CHS), Shoe Carnival (SCVL), Children's Place (PLCE) and Zumiez (ZUMZ).
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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 Insight Wealth Strategies LLC (0.01%). Company insiders that own Ross Stores 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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ROST stock was purchased by a variety of institutional investors in the last quarter, including Insight Wealth Strategies LLC.
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Shares of ROST 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 $71.38.

Ross Stores (NASDAQ:ROST) has a market capitalization of $24.98 billion and generates $18.92 billion in revenue each year. The apparel retailer earns $1.72 billion in net income (profit) each year or $4.489990 on an earnings per share basis.

Ross Stores 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 Ross Stores is www.rossstores.com. The apparel retailer can be reached via phone at (925) 965-4400, via email at [email protected], or via fax at 925-965-4181.