FY2027 EPS Estimates for Ross Stores Boosted by Analyst

Ross Stores, Inc. (NASDAQ:ROST) – Research analysts at Erste Group Bank increased their FY2027 earnings per share (EPS) estimates for Ross Stores in a report issued on Tuesday, March 24th. Erste Group Bank analyst H. Engel now anticipates that the apparel retailer will post earnings of $7.36 per share for the year, up from their prior forecast of $6.52. The consensus estimate for Ross Stores’ current full-year earnings is $6.17 per share. Erste Group Bank also issued estimates for Ross Stores’ FY2028 earnings at $8.14 EPS.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.90 by $0.10. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.42 billion. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share.

Several other brokerages also recently issued reports on ROST. TD Cowen reissued a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Citigroup lifted their price objective on shares of Ross Stores from $224.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. UBS Group set a $208.00 target price on shares of Ross Stores in a research note on Thursday, March 5th. JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $215.00 to $232.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $205.00 price objective on shares of Ross Stores in a research report on Monday, December 1st. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $208.29.

Ross Stores Price Performance

Shares of ROST opened at $214.30 on Friday. Ross Stores has a 12 month low of $124.07 and a 12 month high of $217.51. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.04. The stock has a fifty day moving average price of $200.16 and a 200 day moving average price of $178.09. The company has a market cap of $69.32 billion, a P/E ratio of 32.42, a PEG ratio of 2.99 and a beta of 0.97.

Ross Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.445 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Ross Stores’s previous quarterly dividend of $0.41. Ross Stores’s dividend payout ratio (DPR) is presently 26.93%.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total value of $400,897.53. Following the sale, the director directly owned 2,159 shares in the company, valued at approximately $460,147.67. The trade was a 46.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Karen Sykes sold 2,556 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.91, for a total transaction of $546,753.96. Following the completion of the sale, the chief marketing officer directly owned 103,945 shares of the company’s stock, valued at $22,234,874.95. The trade was a 2.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.20% of the company’s stock.

Institutional Trading of Ross Stores

A number of large investors have recently added to or reduced their stakes in ROST. Woodline Partners LP boosted its stake in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares during the last quarter. MAI Capital Management boosted its position in shares of Ross Stores by 27.8% in the 2nd quarter. MAI Capital Management now owns 3,079 shares of the apparel retailer’s stock valued at $393,000 after purchasing an additional 670 shares during the period. CreativeOne Wealth LLC increased its stake in Ross Stores by 17.6% in the 2nd quarter. CreativeOne Wealth LLC now owns 2,272 shares of the apparel retailer’s stock worth $290,000 after purchasing an additional 340 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its stake in Ross Stores by 12,671.4% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 894 shares of the apparel retailer’s stock worth $114,000 after purchasing an additional 887 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Company Profile

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.