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Ross Stores (ROST) Stock Price, News & Analysis

$146.76
-0.43 (-0.29%)
(As of 04:00 PM ET)
Today's Range
$146.45
$148.10
50-Day Range
$135.60
$150.45
52-Week Range
$99.00
$151.12
Volume
1.92 million shs
Average Volume
1.96 million shs
Market Capitalization
$49.41 billion
P/E Ratio
26.40
Dividend Yield
1.00%
Price Target
$155.21

Ross Stores MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
5.6% Upside
$155.21 Price Target
Short Interest
Healthy
0.98% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
0.68mentions of Ross Stores in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$3.39 M Sold Last Quarter
Proj. Earnings Growth
9.51%
From $5.89 to $6.45 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Retail/Wholesale Sector

23rd out of 203 stocks

Family Clothing Stores Industry

1st out of 11 stocks

ROST stock logo

About Ross Stores Stock (NASDAQ:ROST)

Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.

ROST Stock Price History

ROST Stock News Headlines

3 Large-Cap Stocks Buying Back Shares Aggressively
Investors tend to focus on two significant aspects of their stock holdings, especially when measuring whether they're winning or losing. One is undeniably price appreciation—or the lack of it—and another is whether they are getting paid a relatively steady dividend.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
3 Large-Cap Stocks Buying Back Shares Aggressively (ROST)
Management buybacks and Wall Street analyst price target boosts are the common story across these three stocks; get your money's worth in them
Watch for Tech Giants to Boost Share Buybacks in 2024
Watch for robust earnings growth at big techs such as Meta Platforms Inc. NASDAQ: META, Nvidia Corp. NASDAQ: NVDA, Microsoft Corp. NASDAQ: MSFT and Apple Inc. NASDAQ: AAPL to increase the rate of share buybacks this year, says a recent report from Goldman Sachs.
Watch for Tech Giants to Boost Share Buybacks in 2024 (ROST)
Goldman Sachs foresees substantial growth in stock buybacks from leading tech companies like Meta Platforms and Apple, possibly surpassing $1 trillion by 2025.
2 Hot Retail Stocks to Watch: One Trends Higher, the Other Lower
Results from the retail sector are a mixed bag, revealing shifting consumer habits that will impact results for the remainder of the year. Stocks like Ross Stores NASDAQ: ROST and Nordstrom NYSE: JWN are trending strongly because of it, but not in the same direction.
2 Hot Retail Stocks to Watch: One Trends Higher, the Other Lower
Ross Stores and Nordstrom results highlight the strength of off-price retail and have these stocks confirming trends that move in opposite directions.
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Ross Stores a Pre-earnings Buy with this Specific Strategy?
While our readers will be well used to hearing how the hottest tech stocks are back trading at all-time highs, there are few stocks from the more traditional industries doing the same thing. Take retail, for example; Ralph Lauren Co. NYSE: RL is having a great run but has yet to top 2013's record close, while shares of middle-America's favorite Nordstrom, Inc NYSE: JWN are currently trading at 1998 levels.
Ross Stores a Pre-earnings Buy with this Specific Strategy? (ROST)
For the past decade, one retailer has shone above nearly all others and has managed to outperform its peers during periods of boom and bust; Ross Stores.
ROSS STORES OPENS 18 NEW LOCATIONS
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/04/2023
Dividend Payable
12/29/2023
Last Earnings
3/05/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/16/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Family clothing stores
Sub-Industry
Apparel Retail
Current Symbol
NASDAQ:ROST
CUSIP
77829610
Employees
101,000
Year Founded
1982

Price Target and Rating

Average Stock Price Target
$155.21
High Stock Price Target
$172.00
Low Stock Price Target
$112.00
Potential Upside/Downside
+5.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$1.87 billion
Pretax Margin
12.13%

Debt

Sales & Book Value

Annual Sales
$20.38 billion
Cash Flow
$6.95 per share
Book Value
$14.47 per share

Miscellaneous

Free Float
329,933,000
Market Cap
$49.68 billion
Optionable
Optionable
Beta
1.04

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Should I Buy Ross Stores Stock? ROST Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Ross Stores was last updated on Monday, March 25, 2024 at 11:04 PM.

Pros

Here are some ways that investors could benefit from investing in Ross Stores, Inc.:

  • Ross Stores, Inc. has shown a revenue increase of 15.5% compared to the same quarter last year, indicating strong growth potential.
  • The company is expected to post earnings per share of 5.37 for the current fiscal year, demonstrating profitability.
  • Ross Stores recently increased its quarterly dividend to $0.3675 per share, reflecting a positive outlook on future cash returns for investors.
  • Institutional investors like Vanguard Group Inc. and BlackRock Inc. have been increasing their holdings in Ross Stores, signaling confidence in the company's performance.
  • The stock price of Ross Stores has been stable and has the potential for further growth, making it an attractive investment opportunity.

Cons

Investors should be bearish about investing in Ross Stores, Inc. for these reasons:

  • While the revenue and earnings growth have been positive, there may be potential risks associated with economic downturns affecting consumer spending in the retail sector.
  • The high ownership percentage of institutional investors in Ross Stores may lead to increased volatility in the stock price due to large-scale trading activities.
  • Market competition in the retail apparel sector could impact Ross Stores' market share and profitability, posing a challenge to sustained growth.
  • Changes in consumer preferences and shopping habits may require Ross Stores to adapt quickly, which could involve additional costs and operational adjustments.
  • External factors such as supply chain disruptions or regulatory changes could impact Ross Stores' operations and financial performance, affecting investor returns.

ROST Stock Analysis - Frequently Asked Questions

Should I buy or sell Ross Stores stock right now?

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ross Stores in the last year. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ROST shares.
View ROST analyst ratings
or view top-rated stocks.

What is Ross Stores' stock price target for 2024?

18 analysts have issued 12 month target prices for Ross Stores' stock. Their ROST share price targets range from $112.00 to $172.00. On average, they expect the company's share price to reach $155.21 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts price targets for ROST
or view top-rated stocks among Wall Street analysts.

How have ROST shares performed in 2024?

Ross Stores' stock was trading at $138.39 at the start of the year. Since then, ROST shares have increased by 6.2% and is now trading at $147.00.
View the best growth stocks for 2024 here
.

Are investors shorting Ross Stores?

Ross Stores saw a decrease in short interest during the month of March. As of March 15th, there was short interest totaling 3,250,000 shares, a decrease of 16.9% from the February 29th total of 3,910,000 shares. Based on an average daily volume of 1,960,000 shares, the short-interest ratio is presently 1.7 days. Approximately 1.0% of the shares of the company are sold short.
View Ross Stores' Short Interest
.

When is Ross Stores' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our ROST earnings forecast
.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) announced its quarterly earnings data on Tuesday, March, 5th. The apparel retailer reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.19. The apparel retailer earned $6.02 billion during the quarter, compared to analysts' expectations of $5.81 billion. Ross Stores had a net margin of 9.20% and a trailing twelve-month return on equity of 41.15%. The firm's quarterly revenue was up 15.5% on a year-over-year basis. During the same period last year, the company posted $1.31 EPS.
Read the conference call transcript
.

How often does Ross Stores pay dividends? What is the dividend yield for Ross Stores?

Ross Stores announced a quarterly dividend on Tuesday, March 5th. Investors of record on Friday, March 15th will be paid a dividend of $0.3675 per share on Friday, March 29th. This represents a $1.47 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for ROST
.

Is Ross Stores a good dividend stock?

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.47 per share and currently has a dividend yield of 1.02%. 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 26.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ROST will have a dividend payout ratio of 22.79% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ROST.

How will Ross Stores' stock buyback program work?

Ross Stores declared that its board has initiated a share repurchase plan on Tuesday, March 5th 2024, which authorizes the company to buyback $2,100,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

What guidance has Ross Stores issued on next quarter's earnings?

Ross Stores updated its first quarter 2024 earnings guidance on Wednesday, March, 6th. The company provided earnings per share guidance of 1.290-1.350 for the period, compared to the consensus EPS estimate of 1.270. The company issued revenue guidance of -.

What is Barbara Rentler's approval rating as Ross Stores' CEO?

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.

What other stocks do shareholders of Ross Stores own?

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).

Who are Ross Stores' major shareholders?

Ross Stores' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.49%), Vanguard Group Inc. (8.49%), Price T Rowe Associates Inc. MD (5.56%), Primecap Management Co. CA (3.21%), Franklin Resources Inc. (1.46%) and Massachusetts Financial Services Co. MA (1.41%). 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 Patricia H Mueller.
View institutional ownership trends
.

How do I buy shares of Ross Stores?

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

Does Ross Stores have any subsidiaries?
The following companies are subsidiares of Ross Stores: Retail Assurance Group Inc., Ross Distribution Company LLC, Ross Dress For Less Inc., Ross Merchandising Inc., and Ross Procurement Inc..
Read More
This page (NASDAQ:ROST) was last updated on 3/28/2024 by MarketBeat.com Staff

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