Ross Stores (NASDAQ:ROST) Given New $150.00 Price Target at Telsey Advisory Group

Ross Stores (NASDAQ:ROST - Free Report) had its price objective cut by Telsey Advisory Group from $175.00 to $150.00 in a research note published on Wednesday, MarketBeat reports. They currently have a market perform rating on the apparel retailer's stock. Telsey Advisory Group also issued estimates for Ross Stores' Q1 2026 earnings at $1.47 EPS, Q2 2026 earnings at $1.66 EPS, Q3 2026 earnings at $1.57 EPS, Q4 2026 earnings at $1.84 EPS, FY2026 earnings at $6.54 EPS and FY2027 earnings at $7.12 EPS.

Other equities research analysts have also issued research reports about the stock. TD Cowen dropped their price objective on shares of Ross Stores from $185.00 to $177.00 and set a "buy" rating on the stock in a research note on Tuesday, November 19th. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $165.00 target price on shares of Ross Stores in a report on Friday, January 10th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $140.00 target price (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $165.00 target price (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, Evercore ISI lifted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and a consensus price target of $163.07.

Remove Ads

Ross Stores Stock Down 1.4 %

NASDAQ:ROST traded down $1.93 during mid-day trading on Wednesday, hitting $135.96. 4,252,671 shares of the company's stock were exchanged, compared to its average volume of 2,583,287. Ross Stores has a one year low of $127.53 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The business has a fifty day moving average price of $145.37 and a 200 day moving average price of $147.49. The company has a market cap of $44.86 billion, a PE ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.15.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Equities analysts predict that Ross Stores will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 1.19%. This is a boost from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores's payout ratio is presently 25.63%.

Institutional Trading of Ross Stores

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hahn Capital Management LLC increased its holdings in Ross Stores by 40.9% during the fourth quarter. Hahn Capital Management LLC now owns 74,059 shares of the apparel retailer's stock valued at $11,203,000 after buying an additional 21,500 shares during the last quarter. Sovran Advisors LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $269,000. Oak Ridge Investments LLC increased its holdings in Ross Stores by 10.6% during the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer's stock valued at $17,524,000 after buying an additional 11,060 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in Ross Stores by 22.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,847 shares of the apparel retailer's stock valued at $431,000 after buying an additional 524 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Ross Stores by 137.7% during the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer's stock valued at $299,583,000 after buying an additional 1,144,774 shares during the last quarter. 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.