NASDAQ:ROST - Ross Stores Stock Price, Forecast & News

Ross Stores' stock was trading at $98.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ROST stock has decreased by 16.3% and is now trading at $82.55. View which stocks have been mosted impacted by Coronavirus.

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 1 sell rating, 7 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ross Stores.

Ross Stores is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for Ross Stores.

Ross Stores, Inc. (NASDAQ:ROST) announced its quarterly earnings data on Tuesday, March, 3rd. The apparel retailer reported $1.28 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.26 by $0.02. The apparel retailer had revenue of $4.41 billion for the quarter, compared to analysts' expectations of $4.36 billion. Ross Stores had a net margin of 10.36% and a return on equity of 50.11%. The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 EPS. View Ross Stores' earnings history.

Ross Stores declared a quarterly dividend on Tuesday, March 3rd. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.285 per share on Tuesday, March 31st. This represents a $1.14 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Ross Stores's previous quarterly dividend of $0.26. View Ross Stores' dividend history.

Ross Stores announced that its board has approved a stock buyback program on Tuesday, March 5th 2019, which allows the company to repurchase $2,550,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its shares are undervalued.

Ross Stores issued an update on its FY21 earnings guidance on Tuesday, March, 3rd. The company provided earnings per share guidance of $4.67-4.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.03.

23 brokerages have issued 1 year price targets for Ross Stores' stock. Their forecasts range from $83.00 to $145.00. On average, they expect Ross Stores' stock price to reach $116.57 in the next twelve months. This suggests a possible upside of 41.2% from the stock's current price. View analysts' price targets for Ross Stores.

Press coverage about ROST stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ross Stores earned a daily sentiment score of 1.2 on InfoTrie's scale. They also gave headlines about the apparel retailer a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutRoss Stores.

Ross Stores saw a decrease in short interest in March. As of March 13th, there was short interest totaling 4,438,000 shares, a decrease of 7.5% from the February 27th total of 4,800,000 shares. Based on an average daily trading volume, of 3,557,100 shares, the short-interest ratio is presently 1.2 days. Currently, 1.3% of the shares of the stock are short sold. View Ross Stores' Current Options Chain.

Some companies that are related to Ross Stores include TJX Companies (TJX), GAP (GPS), Foot Locker (FL), Urban Outfitters (URBN), American Eagle Outfitters (AEO), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Designer Brands (DBI), Shoe Carnival (SCVL), Childrens Place (PLCE), Cato (CATO), Caleres (CAL) and Chico's FAS (CHS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ross Stores investors own include Home Depot (HD), NVIDIA (NVDA), Walt Disney (DIS), Starbucks (SBUX), Intel (INTC), Visa (V), Johnson & Johnson (JNJ), UnitedHealth Group (UNH), Alibaba Group (BABA) and Mastercard (MA).

Ross Stores trades on the NASDAQ under the ticker symbol "ROST."

Ross Stores' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (5.87%), State Street Corp (4.73%), Capital International Investors (2.88%), Massachusetts Financial Services Co. MA (1.67%), Geode Capital Management LLC (1.43%) and Franklin Resources Inc. (1.40%). Company insiders that own Ross Stores stock include Barbara Rentler, Bernard G Brautigan, George Orban, James S Fassio, Lisa R Panattoni, Michael Balmuth, Michael J Bush, Michael J Hartshorn and Norman A Ferber. View institutional ownership trends for Ross Stores.

ROST stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Assenagon Asset Management S.A., Jennison Associates LLC, PGGM Investments, Nuveen Asset Management LLC, State Street Corp, Massachusetts Financial Services Co. MA, and Janus Henderson Group PLC. Company insiders that have sold Ross Stores company stock in the last year include Barbara Rentler, Bernard G Brautigan, George Orban, James S Fassio, and Michael Balmuth. View insider buying and selling activity for Ross Stores.

ROST stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Amundi Pioneer Asset Management Inc., Madison Asset Management LLC, Bank of America Corp DE, Man Group plc, Lord Abbett & CO. LLC, AQR Capital Management LLC, and Teacher Retirement System of Texas. View insider buying and selling activity for Ross Stores.

Shares of ROST can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ROST stock can currently be purchased for approximately $82.55.

Ross Stores has a market capitalization of $29.63 billion and generates $16.04 billion in revenue each year. The apparel retailer earns $1.66 billion in net income (profit) each year or $4.58 on an earnings per share basis. Ross Stores employs 88,100 workers across the globe. View additional information about Ross Stores.

The official website for Ross Stores is http://www.rossstores.com/.

Ross Stores' mailing address is 5130 HACIENDA DRIVE, DUBLIN CA, 94568. The apparel retailer can be reached via phone at 925-965-4400 or via email at [email protected]