Ross Stores, Inc. (NASDAQ:ROST) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Ross Stores, Inc. (NASDAQ:ROST) have received an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $183.5625.

Several equities research analysts recently issued reports on ROST shares. Barclays lifted their price objective on Ross Stores from $164.00 to $183.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Robert W. Baird set a $200.00 price objective on Ross Stores in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a research note on Monday, December 1st. UBS Group set a $203.00 target price on shares of Ross Stores in a research report on Thursday, December 4th. Finally, Telsey Advisory Group increased their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st.

Insider Buying and Selling at Ross Stores

In related news, insider Stephen C. Brinkley sold 6,437 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total transaction of $971,793.89. Following the transaction, the insider directly owned 57,012 shares of the company’s stock, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO James Grant Conroy sold 39,351 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total value of $5,745,246.00. Following the completion of the sale, the chief executive officer owned 157,153 shares of the company’s stock, valued at $22,944,338. The trade was a 20.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,720 shares of company stock worth $7,154,172 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

A number of hedge funds have recently made changes to their positions in ROST. Aspect Partners LLC lifted its position in shares of Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the period. American National Bank & Trust acquired a new stake in shares of Ross Stores during the third quarter worth $26,000. Banque Transatlantique SA bought a new position in Ross Stores during the first quarter worth $29,000. Grey Fox Wealth Advisors LLC acquired a new position in Ross Stores in the third quarter valued at $29,000. Finally, Bayforest Capital Ltd boosted its position in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Down 0.1%

Shares of NASDAQ ROST opened at $182.41 on Wednesday. The business has a 50-day simple moving average of $167.54 and a two-hundred day simple moving average of $150.61. Ross Stores has a 52 week low of $122.36 and a 52 week high of $185.85. The company has a market cap of $59.00 billion, a P/E ratio of 28.50, a P/E/G ratio of 4.01 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. Ross Stores’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $1.48 earnings per share. 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. Research analysts anticipate that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s dividend payout ratio is currently 25.31%.

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.