Zacks Research Predicts Increased Earnings for Ross Stores

Ross Stores, Inc. (NASDAQ:ROST) – Equities researchers at Zacks Research raised their Q3 2027 EPS estimates for Ross Stores in a research note issued on Thursday, September 3rd. Zacks Research analyst Team now forecasts that the apparel retailer will post earnings of $1.82 per share for the quarter, up from their prior estimate of $1.70. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Ross Stores’ current full-year earnings is $8.15 per share. Zacks Research also issued estimates for Ross Stores’ Q4 2027 earnings at $2.26 EPS, Q1 2028 earnings at $2.09 EPS, Q2 2028 earnings at $2.19 EPS, Q3 2028 earnings at $2.08 EPS, Q4 2028 earnings at $2.48 EPS, FY2028 earnings at $8.84 EPS and Q1 2029 earnings at $2.18 EPS.

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

ROST has been the subject of several other research reports. Robert W. Baird increased their price target on Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, August 21st. Evercore set a $290.00 price objective on Ross Stores in a research note on Friday, August 21st. Telsey Advisory Group upped their target price on Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Morgan Stanley increased their target price on shares of Ross Stores from $231.00 to $234.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Finally, UBS Group raised their price target on shares of Ross Stores from $232.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Stock Up 0.4%

Shares of ROST opened at $231.67 on Friday. The company has a market capitalization of $74.01 billion, a PE ratio of 28.05, a PEG ratio of 1.94 and a beta of 0.85. Ross Stores has a 12 month low of $143.39 and a 12 month high of $257.00. The stock’s 50-day moving average price is $234.17 and its two-hundred day moving average price is $224.67. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Ross Stores

A number of hedge funds have recently added to or reduced their stakes in the business. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores during the 4th quarter worth approximately $26,000. Bard Associates Inc. bought a new stake in shares of Ross Stores in the 4th quarter valued at $31,000. Virtus Advisers LLC bought a new stake in shares of Ross Stores in the 2nd quarter valued at $38,000. Twin Lakes Capital Management LLC acquired a new position in shares of Ross Stores during the 2nd quarter valued at $41,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Ross Stores during the 2nd quarter valued at $43,000. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Dividend Announcement

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

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.