Ross Stores (ROST) Stock Price, News & Analysis

18 Wall Street 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 analysts is that investors should "moderate buy" ROST shares.
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18 brokers have issued 1-year price targets for Ross Stores' shares. 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 16.9% from the stock's current price.
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Ross Stores' stock was trading at $138.39 at the beginning of the year. Since then, ROST shares have decreased by 4.0% and is now trading at $132.79.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024.
View our ROST earnings forecast.

Ross Stores, Inc. (NASDAQ:ROST) issued its quarterly earnings results 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 had revenue of $6.02 billion for the quarter, compared to analysts' expectations of $5.81 billion. Ross Stores had a trailing twelve-month return on equity of 41.15% and a net margin of 9.20%. The company's revenue was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.31 earnings per share.
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Ross Stores declared a quarterly dividend on Tuesday, March 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.34.
Read our dividend analysis for ROST.

Ross Stores (NASDAQ:ROST) pays an annual dividend of $1.47 per share and currently has a dividend yield of 1.10%. The company has been increasing its dividend for 3 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.

ETFs with the largest weight of Ross Stores (NASDAQ:ROST) stock in their portfolio include Pacer US Cash Cows Growth ETF (BUL), VictoryShares THB Mid Cap ESG ETF (MDCP), Democratic Large Cap Core ETF (DEMZ), VanEck Retail ETF (RTH), First Trust Growth Strength ETF (FTGS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), iShares U.S. Consumer Focused ETF (IEDI) and Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD).

Ross Stores declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 5th 2024, which allows the company to repurchase $2,100,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

Ross Stores issued an update on 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 -.

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' stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.42%), Nexus Investment Management ULC (0.08%), Artemis Investment Management LLP (0.03%), Global Assets Advisory LLC (0.02%), Wealth Enhancement Advisory Services LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Barbara Rentler, Brian R Morrow, George Orban, Jeffrey P Burrill, Larree M Renda, Michael Balmuth, Michael J Bush, Michael J Hartshorn, Michael K Kobayashi and Patricia H Mueller.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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