Q3 EPS Estimates for Ross Stores Reduced by Zacks Research

Ross Stores, Inc. (NASDAQ:ROST) – Stock analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for Ross Stores in a research note issued on Friday, September 19th. Zacks Research analyst Team now anticipates that the apparel retailer will post earnings per share of $1.37 for the quarter, down from their prior forecast of $1.45. The consensus estimate for Ross Stores’ current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Ross Stores’ Q4 2026 earnings at $1.74 EPS, FY2026 earnings at $6.15 EPS, Q1 2027 earnings at $1.62 EPS, Q3 2027 earnings at $1.58 EPS, Q4 2027 earnings at $1.89 EPS, FY2027 earnings at $6.82 EPS, Q1 2028 earnings at $1.74 EPS, Q2 2028 earnings at $1.90 EPS and FY2028 earnings at $7.38 EPS.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The business had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS.

Several other research firms have also weighed in on ROST. Cowen reissued a “buy” rating on shares of Ross Stores in a report on Friday, August 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $160.00 target price (up previously from $150.00) on shares of Ross Stores in a report on Monday, August 18th. Morgan Stanley upped their target price on Ross Stores from $128.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 22nd. UBS Group upped their target price on Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, Barclays upped their target price on Ross Stores from $156.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Twelve research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $160.67.

Ross Stores Stock Performance

Shares of ROST stock opened at $146.18 on Monday. The company has a market cap of $47.54 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 2.81 and a beta of 1.15. The stock has a 50 day simple moving average of $143.84 and a 200-day simple moving average of $138.51. Ross Stores has a 12-month low of $122.36 and a 12-month high of $158.69. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Ross Stores

Institutional investors have recently made changes to their positions in the business. Sowell Financial Services LLC acquired a new position in Ross Stores in the first quarter worth about $328,000. Aurdan Capital Management LLC acquired a new position in Ross Stores in the fourth quarter worth about $8,516,000. Aurora Private Wealth Inc. acquired a new position in Ross Stores in the first quarter worth about $1,476,000. MQS Management LLC acquired a new position in Ross Stores in the first quarter worth about $630,000. Finally, China Universal Asset Management Co. Ltd. grew its stake in Ross Stores by 50.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 8,149 shares of the apparel retailer’s stock worth $1,041,000 after purchasing an additional 2,750 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ross Stores

In other Ross Stores news, CMO Karen Sykes sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the completion of the sale, the chief marketing officer directly owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 9th. Ross Stores’s payout ratio is currently 25.71%.

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.