Ross Stores (NASDAQ:ROST) Upgraded at Zacks Research

Ross Stores (NASDAQ:ROST) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on ROST. Guggenheim upgraded shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Robert W. Baird set a $200.00 target price on shares of Ross Stores in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Friday. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Tuesday, January 6th. Finally, UBS Group upped their price objective on Ross Stores from $169.00 to $181.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Stock Up 0.5%

NASDAQ:ROST opened at $193.23 on Monday. Ross Stores has a 1 year low of $122.36 and a 1 year high of $193.49. The stock has a 50-day moving average price of $176.58 and a two-hundred day moving average price of $156.83. The stock has a market cap of $62.50 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 3.67 and a beta of 1.01. The company has a current ratio of 1.52, a quick ratio of 0.90 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 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the business posted $1.48 EPS. Ross Stores’s revenue for the quarter was up 10.4% on a year-over-year basis. 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. As a group, equities analysts expect that Ross Stores will post 6.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. American National Bank & Trust bought a new stake in shares of Ross Stores during the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC acquired a new position in Ross Stores during the third quarter worth $29,000. Aspect Partners LLC increased its holdings in Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after buying an additional 146 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Ross Stores by 42.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 63 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 148 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

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.