Erste Group Bank Forecasts Ross Stores FY2027 Earnings

Ross Stores, Inc. (NASDAQ:ROST) – Stock analysts at Erste Group Bank lifted their FY2027 earnings per share (EPS) estimates for shares of Ross Stores in a research note issued to investors on Wednesday, February 18th. Erste Group Bank analyst H. Engel now expects that the apparel retailer will post earnings per share of $7.20 for the year, up from their prior estimate of $7.16. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Ross Stores’ current full-year earnings is $6.17 per share.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share.

Several other brokerages have also recently commented on ROST. Wells Fargo & Company lifted their price target on shares of Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Telsey Advisory Group lifted their target price on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 price target on shares of Ross Stores in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group raised their price target on Ross Stores from $190.00 to $214.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target of $190.94.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $201.45 on Monday. The stock has a market capitalization of $65.16 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.49 and a beta of 0.99. Ross Stores has a 1-year low of $122.36 and a 1-year high of $203.31. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $188.59 and a two-hundred day moving average price of $168.24.

Institutional Trading of Ross Stores

Several hedge funds have recently added to or reduced their stakes in the business. Virtus Investment Advisers LLC acquired a new stake in Ross Stores in the 2nd quarter valued at $1,265,000. Jump Financial LLC bought a new position in shares of Ross Stores in the second quarter valued at $7,949,000. Thrivent Financial for Lutherans lifted its stake in shares of Ross Stores by 84.7% in the third quarter. Thrivent Financial for Lutherans now owns 227,340 shares of the apparel retailer’s stock valued at $34,645,000 after buying an additional 104,270 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ross Stores by 6.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,610 shares of the apparel retailer’s stock valued at $19,904,000 after buying an additional 7,338 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Ross Stores by 34.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 22,964 shares of the apparel retailer’s stock worth $3,499,000 after acquiring an additional 5,889 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.