Telsey Advisory Group Reaffirms Market Perform Rating for Ross Stores (NASDAQ:ROST)

Ross Stores (NASDAQ:ROST)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a research note issued to investors on Friday,Benzinga reports. They presently have a $150.00 price target on the apparel retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential downside of 1.91% from the stock’s current price. Telsey Advisory Group also issued estimates for Ross Stores’ Q1 2027 earnings at $1.60 EPS, Q2 2027 earnings at $1.81 EPS, Q3 2027 earnings at $1.71 EPS and Q4 2027 earnings at $2.00 EPS.

A number of other research firms have also recently weighed in on ROST. Barclays upped their price target on Ross Stores from $150.00 to $157.00 and gave the stock an “overweight” rating in a report on Monday, May 12th. Robert W. Baird cut their target price on Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company upped their target price on Ross Stores from $150.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday. Citigroup raised Ross Stores from a “neutral” rating to a “buy” rating and set a $146.00 target price on the stock in a research report on Thursday, April 3rd. Finally, Morgan Stanley cut their target price on Ross Stores from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and a consensus target price of $161.53.

Ross Stores Stock Up 0.7%

NASDAQ ROST opened at $152.92 on Friday. The stock has a market cap of $50.28 billion, a PE ratio of 24.08, a P/E/G ratio of 2.13 and a beta of 1.17. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The business has a 50 day moving average price of $135.64 and a two-hundred day moving average price of $142.63. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. As a group, sell-side analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.

Insider Activity at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,270 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $127.70, for a total value of $672,979.00. Following the sale, the chief marketing officer now directly owns 93,126 shares of the company’s stock, valued at $11,892,190.20. This trade represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Michael J. Hartshorn sold 7,492 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the sale, the chief operating officer now directly owns 139,091 shares in the company, valued at $17,760,529.79. This represents a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,398 shares of company stock valued at $4,439,950. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its position in Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after buying an additional 107 shares during the period. Golden State Wealth Management LLC increased its position in Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares during the period. Banque Transatlantique SA acquired a new stake in Ross Stores in the first quarter worth $29,000. BOK Financial Private Wealth Inc. acquired a new stake in Ross Stores in the fourth quarter worth $31,000. Finally, Bayforest Capital Ltd increased its position in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after buying an additional 190 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Company Profile

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 to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.