Zacks Research Reduces Earnings Estimates for Ross Stores

Ross Stores, Inc. (NASDAQ:ROST - Free Report) - Analysts at Zacks Research lowered their Q1 2026 earnings estimates for Ross Stores in a research report issued to clients and investors on Thursday, March 13th. Zacks Research analyst R. Lohia now expects that the apparel retailer will post earnings per share of $1.42 for the quarter, down from their prior forecast of $1.54. The consensus estimate for Ross Stores' current full-year earnings is $6.17 per share. Zacks Research also issued estimates for Ross Stores' Q2 2026 earnings at $1.62 EPS, Q3 2026 earnings at $1.54 EPS, Q4 2026 earnings at $1.80 EPS, FY2026 earnings at $6.38 EPS, Q1 2027 earnings at $1.54 EPS, Q2 2027 earnings at $1.79 EPS, Q3 2027 earnings at $1.69 EPS, Q4 2027 earnings at $1.90 EPS, FY2027 earnings at $6.91 EPS and FY2028 earnings at $7.17 EPS.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. The firm had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%.

Other equities analysts have also issued research reports about the stock. Wells Fargo & Company reiterated a "negative" rating on shares of Ross Stores in a report on Wednesday, March 5th. Evercore ISI decreased their target price on shares of Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Robert W. Baird reduced their price objective on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $161.40.

Remove Ads

Ross Stores Trading Down 0.8 %

ROST stock traded down $0.99 during midday trading on Monday, hitting $124.96. The stock had a trading volume of 1,637,109 shares, compared to its average volume of 2,395,236. The firm has a market cap of $41.23 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores has a 1-year low of $122.77 and a 1-year high of $163.60. The business has a fifty day moving average price of $141.13 and a two-hundred day moving average price of $146.01.

Ross Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. Ross Stores's dividend payout ratio (DPR) is 25.63%.

Insiders Place Their Bets

In other news, CMO Karen Fleming sold 5,339 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $125.73, for a total value of $671,272.47. Following the completion of the sale, the chief marketing officer now directly owns 94,063 shares of the company's stock, valued at approximately $11,826,540.99. This trade represents a 5.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Ross Stores

Institutional investors and hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in shares of Ross Stores by 152.9% in the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 107 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ross Stores in the 4th quarter worth about $31,000. ORG Partners LLC lifted its position in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 191 shares during the period. Putney Financial Group LLC purchased a new stake in shares of Ross Stores in the 4th quarter worth about $44,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Ross Stores in the 4th quarter worth about $48,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.