Ross Stores (NASDAQ:ROST) Price Target Raised to $235.00 at Wells Fargo & Company

Ross Stores (NASDAQ:ROST) had its target price increased by Wells Fargo & Company from $205.00 to $235.00 in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the apparel retailer’s stock.

ROST has been the topic of a number of other reports. Citigroup boosted 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. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Telsey Advisory Group upgraded Ross Stores from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $220.00 to $240.00 in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, UBS Group boosted their target price on Ross Stores from $181.00 to $199.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 17th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.76.

Ross Stores Trading Up 8.0%

Shares of Ross Stores stock opened at $213.52 on Wednesday. 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 market cap of $69.06 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. The business has a fifty day simple moving average of $192.02 and a 200-day simple moving average of $171.24. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $216.80.

Ross Stores (NASDAQ:ROST) last released its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. Ross Stores had a return on equity of 37.43% and a net margin of 9.43%.The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the company earned $1.65 earnings per share. Ross Stores’s revenue was up 12.2% compared to the same quarter last year. On average, equities analysts forecast that Ross Stores will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.445 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Ross Stores’s previous quarterly dividend of $0.41. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is currently 24.51%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Aspect Partners LLC boosted its position in Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust acquired a new position in shares of Ross Stores in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Ross Stores by 7,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ross Stores during the fourth quarter worth approximately $26,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in Ross Stores during the third quarter valued at approximately $29,000. 86.86% of the stock is owned by institutional investors and hedge funds.

More Ross Stores News

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

• Positive Sentiment: Q4 results and comps beat — Ross reported ~$6.64B in revenue (up ~12% YoY), comparable-store sales +9%, and adjusted EPS of $2.00, topping estimates and showing sustained traffic gains. PR Newswire: Ross Stores Q4 release
• Positive Sentiment: Upbeat guidance — Management raised the FY26 EPS range (7.02–7.36) and issued a Q1 EPS guide whose midpoint sits above consensus, signaling momentum into spring. Reuters: Ross forecasts sales above estimates
• Positive Sentiment: Shareholder returns stepped up — Board approved a two‑year $2.55B repurchase program and raised the quarterly dividend by 10% (to $0.45), improving capital-return optionality and EPS leverage. QuiverQuant: buyback/dividend coverage
• Positive Sentiment: Wall Street reaction — Multiple firms raised forecasts and price targets (Goldman, Citi, Wells Fargo, Telsey, Guggenheim among them) and issued upgrades or “buy/overweight” views after the print. Benzinga: analysts boost forecasts
• Neutral Sentiment: Off-price thematic tailwind — Coverage notes Ross is capturing share from full-price peers and benefitting from a “treasure-hunt” shift to value, supporting durable demand but also higher expectations. MarketBeat: off-price trend analysis
• Neutral Sentiment: Mixed ownership activity and insider sales — Reports show heavy institutional turnover and some insider selling; these are worth monitoring but not an immediate red flag given the strong quarter. QuiverQuant: institutional & insider notes
• Negative Sentiment: Valuation and pullback risk — Some analysts and commentary warn the strong print stretched near‑term valuation and that the stock could consolidate after the post-earnings move. Seeking Alpha: valuation caution
• Negative Sentiment: Minor sell-side divergence — Zacks trimmed its rating from strong‑buy to hold, a reminder some shops are dialing back near-term enthusiasm. Zacks: rating change

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.