Ross Stores - ROST Stock Forecast, Price & News

15 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 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ROST shares.
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15 analysts have issued 1-year target prices for Ross Stores' stock. Their ROST share price forecasts range from $70.00 to $139.00. On average, they anticipate the company's share price to reach $120.35 in the next twelve months. This suggests a possible upside of 16.7% 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 shares have decreased by 11.1% and is now trading at $103.13.
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Ross Stores saw a increase in short interest in March. As of March 15th, there was short interest totaling 5,200,000 shares, an increase of 29.7% from the February 28th total of 4,010,000 shares. Based on an average trading volume of 2,270,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 1.5% of the shares of the stock are short sold.
View Ross Stores' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 18th 2023.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) released its quarterly earnings data on Tuesday, February, 28th. The apparel retailer reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.08. The apparel retailer earned $5.21 billion during the quarter, compared to analyst estimates of $5.14 billion. Ross Stores had a trailing twelve-month return on equity of 36.40% and a net margin of 8.09%. Ross Stores's revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share.
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Ross Stores declared a quarterly dividend on Tuesday, February 28th. Investors of record on Tuesday, March 14th will be given a dividend of $0.335 per share on Friday, March 31st. This represents a $1.34 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, March 13th. This is a positive change from the stock's previous quarterly dividend of $0.31.
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), VanEck Retail ETF (RTH), T. Rowe Price Growth Stock ETF (TGRW), iShares U.S. Consumer Focused ETF (IEDI), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD), T. Rowe Price Dividend Growth ETF (TDVG), Democratic Large Cap Core ETF (DEMZ) and Principal Value ETF (PY).

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.34 per share and currently has a dividend yield of 1.30%. 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 30.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 24.72% 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 authorized a stock 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 reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Ross Stores updated its first quarter 2023 earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $0.99-$1.05 for the period, compared to the consensus estimate of $1.18. 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 institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (13.61%), Geode Capital Management LLC (2.10%), Victory Capital Management Inc. (1.54%), Victory Capital Management Inc. (1.54%), JPMorgan Chase & Co. (1.45%) and Morgan Stanley (1.38%). 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.
View institutional ownership trends.

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 $103.13.

Ross Stores (NASDAQ:ROST) has a market capitalization of $35.51 billion and generates $18.70 billion in revenue each year. The apparel retailer earns $1.51 billion in net income (profit) each year or $4.39 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.