Ross Stores (NASDAQ:ROST) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Ross Stores (NASDAQ:ROST) in a research note issued to investors on Thursday. The firm set a “buy” rating on the apparel retailer’s stock.

Several other equities research analysts have also recently issued reports on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 target price on shares of Ross Stores in a research report on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Bank of America boosted their price objective on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $184.25.

Ross Stores Price Performance

Shares of Ross Stores stock traded up $2.72 during trading on Thursday, hitting $189.71. 383,753 shares of the company were exchanged, compared to its average volume of 2,021,311. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $189.83. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average price of $174.07 and a 200 day moving average price of $154.84. The stock has a market capitalization of $61.36 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 4.13 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. On average, equities analysts expect that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL grew its stake in shares of Ross Stores by 0.3% in the third quarter. Blair William & Co. IL now owns 20,114 shares of the apparel retailer’s stock valued at $3,065,000 after buying an additional 66 shares in the last quarter. Finivi Inc. lifted its position in Ross Stores by 4.2% during the 3rd quarter. Finivi Inc. now owns 1,646 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 66 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in Ross Stores by 3.1% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock worth $351,000 after acquiring an additional 69 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Ross Stores by 5.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,345 shares of the apparel retailer’s stock worth $242,000 after acquiring an additional 72 shares during the period. Finally, Kensington Investment Counsel LLC grew its position in Ross Stores by 1.0% in the third quarter. Kensington Investment Counsel LLC now owns 7,632 shares of the apparel retailer’s stock valued at $1,163,000 after acquiring an additional 73 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.