Robert W. Baird Raises Ross Stores (NASDAQ:ROST) Price Target to $182.00

Ross Stores (NASDAQ:ROST) had its target price increased by stock analysts at Robert W. Baird from $170.00 to $182.00 in a note issued to investors on Friday, Marketbeat reports. The firm currently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price target suggests a potential upside of 4.60% from the stock’s previous close.

Other analysts also recently issued reports about the company. Evercore ISI upped their price objective on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup raised their price target on shares of Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a research note on Friday. Barclays lifted their price target on shares of Ross Stores from $164.00 to $183.00 and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research note on Friday. Finally, Sanford C. Bernstein boosted their target price on shares of Ross Stores from $147.00 to $159.00 and gave the stock a “market perform” rating in a research note on Friday. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.07.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $174.00 on Friday. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a market cap of $56.59 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 3.04 and a beta of 1.16. The company has a 50 day moving average of $155.63 and a 200-day moving average of $145.87. Ross Stores has a 1-year low of $122.36 and a 1-year high of $174.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. As a group, equities research analysts forecast that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CMO Karen Sykes sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total transaction of $607,040.00. Following the completion of the transaction, the chief marketing officer directly owned 106,413 shares of the company’s stock, valued at $16,149,236.88. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of Ross Stores stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the transaction, the insider directly owned 57,012 shares in the company, valued at $8,607,101.64. The trade was a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 52,720 shares of company stock valued at $7,761,212. Company insiders own 2.20% of the company’s stock.

Institutional Trading of Ross Stores

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of Ross Stores by 0.3% in the 3rd quarter. Blair William & Co. IL now owns 20,114 shares of the apparel retailer’s stock worth $3,065,000 after purchasing an additional 66 shares during the period. ICW Investment Advisors LLC raised its stake in Ross Stores by 0.4% during the first quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock worth $2,359,000 after buying an additional 67 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in Ross Stores by 3.1% in the third quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock valued at $351,000 after buying an additional 69 shares during the period. CreativeOne Wealth LLC boosted its position in Ross Stores by 3.8% during the first quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock valued at $247,000 after acquiring an additional 70 shares during the last quarter. Finally, Kensington Investment Counsel LLC grew its holdings in Ross Stores by 1.0% during the 3rd quarter. Kensington Investment Counsel LLC now owns 7,632 shares of the apparel retailer’s stock worth $1,163,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

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.