Ross Stores (NASDAQ:ROST) Price Target Raised to $244.00 at The Goldman Sachs Group

Ross Stores (NASDAQ:ROST) had its price target hoisted by investment analysts at The Goldman Sachs Group from $214.00 to $244.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. The Goldman Sachs Group’s target price suggests a potential upside of 15.24% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $205.00 price target on shares of Ross Stores in a research report on Monday, December 1st. Bank of America boosted their price objective on Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and an average target price of $204.00.

Ross Stores Stock Performance

Ross Stores stock traded up $14.09 during trading hours on Wednesday, hitting $211.73. 2,900,454 shares of the stock traded hands, compared to its average volume of 2,481,995. The firm’s 50 day moving average price is $191.34 and its 200-day moving average price is $170.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market capitalization of $68.48 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 3.52 and a beta of 0.97. Ross Stores has a 1 year low of $122.36 and a 1 year high of $216.80.

Ross Stores (NASDAQ:ROST) last released its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.42 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. As a group, equities analysts expect that Ross Stores will post 6.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Ross Stores

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ross Stores during the fourth quarter worth about $78,000. Reflection Asset Management acquired a new stake in Ross Stores in the 4th quarter worth about $1,095,000. Sankala Group LLC purchased a new stake in Ross Stores during the 4th quarter worth approximately $221,000. MidFirst Bank purchased a new stake in Ross Stores during the 4th quarter worth approximately $406,000. Finally, SG Trading Solutions LLC acquired a new position in shares of Ross Stores during the fourth quarter valued at approximately $991,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Key Headlines Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Q4 beat: Ross reported $2.00 EPS and $6.64B revenue (both above Street estimates) with comps +9%, driven by higher traffic and strong holiday assortments — a clear operational beat. ROSS STORES REPORTS FOURTH QUARTER EARNINGS WELL ABOVE GUIDANCE
• Positive Sentiment: Stronger guidance: Management raised FY26 EPS and gave Q1 guidance (Q1 midpoint above consensus), signaling confidence in demand and margin expansion for the year. Ross Stores forecasts annual sales above estimates
• Positive Sentiment: Shareholder-friendly moves: Board approved a new two‑year $2.55B repurchase authorization and raised the quarterly dividend 10% — boosts EPS support and signals management confidence. ROSS STORES REPORTS FOURTH QUARTER EARNINGS WELL ABOVE GUIDANCE
• Positive Sentiment: Analyst upgrades/price-target lifts: Multiple firms raised ratings/targets (Wells Fargo to $235, Guggenheim to $226, Telsey to $240), providing fresh buy-side momentum. Wells Fargo price target raise (Benzinga)
• Neutral Sentiment: Market narrative: Management said the spring season is off to a “very strong” start; commentary supports the beat but is forward-looking and depends on execution and inventory. Ross Stores Fourth-Quarter Profit, Revenue Rise (WSJ)
• Neutral Sentiment: Institutional/hedge fund flows are mixed — some large holders trimmed exposure while others added; these portfolio moves can mute or amplify momentum but aren’t a directional catalyst on their own. Quiver Quantitative coverage
• Negative Sentiment: Valuation concerns: Some analysts/commentators warn the post-beat rally stretches valuation (higher P/E vs. peers/expectations), which could cap upside if results or guidance slip. Ross Stores: Strong Q4 Results Stretch The Valuation (Seeking Alpha)
• Negative Sentiment: Insider selling and a minor downgrade: Recent insider sales and a Zacks downgrade to “hold” introduce some cautionary signals for investors watching insider alignment and near-term sentiment. Quiver Quantitative insider activity Zacks downgrade

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.