Brokers Offer Predictions for Ross Stores FY2028 Earnings

Ross Stores, Inc. (NASDAQ:ROST) – Research analysts at Erste Group Bank upped their FY2028 earnings per share (EPS) estimates for shares of Ross Stores in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the apparel retailer will post earnings of $8.96 per share for the year, up from their previous estimate of $8.91. The consensus estimate for Ross Stores’ current full-year earnings is $8.15 per share.

Several other research analysts have also recently issued reports on ROST. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Telsey Advisory Group boosted their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Sanford C. Bernstein upped their price target on shares of Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, August 21st. Truist Financial raised their price objective on shares of Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Stock Up 0.1%

Ross Stores stock opened at $225.48 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.98. Ross Stores has a 1-year low of $143.39 and a 1-year high of $257.00. The company has a market cap of $72.03 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.89 and a beta of 0.85. The stock’s 50 day moving average price is $235.79 and its 200 day moving average price is $225.69.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.56 EPS.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is currently 21.55%.

Institutional Trading of Ross Stores

Institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Ross Stores by 21,618.0% during the 2nd quarter. California State Teachers Retirement System now owns 102,357,224 shares of the apparel retailer’s stock valued at $21,786,735,000 after acquiring an additional 101,885,923 shares in the last quarter. BlackRock Inc. acquired a new position in Ross Stores during the second quarter worth about $5,938,711,000. Bank of America Corp DE purchased a new stake in shares of Ross Stores in the second quarter valued at about $2,024,203,000. Primecap Management Co. CA purchased a new stake in shares of Ross Stores in the second quarter valued at about $1,937,995,000. Finally, Norges Bank acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $868,360,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an off-price retailer that operates Ross Dress for Less and dd’s DISCOUNTS stores. The company sells a broad selection of apparel, accessories, footwear and home fashion merchandise for women, men and children, generally at prices below those of traditional department and specialty stores.

Ross Stores follows an opportunistic buying model, purchasing name-brand, designer and other merchandise from manufacturers and retailers at discounted prices. Its product assortment changes frequently and can include clothing, shoes, handbags, jewelry, beauty products, furniture, bedding, home décor and other household goods.

Founded in 1950, the company is headquartered in Dublin, California, and serves customers primarily through its store network across the United States and Guam.