Ross Stores (ROST) Stock Price, News & Analysis

Company Overview

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. Ross Stores, Inc. was incorporated in 1957 and is headquartered in Dublin, California.

Key Stats

• Today's Range: $139.94 to $144.29
• 50-Day Range: $138.59 to $155.25
• 52-Week Range: $119.73 to $163.60
• Volume: 3.18 million shs
• Average Volume: 2.27 million shs
• Market Capitalization: $47.22 billion
• P/E Ratio: 22.96
• Dividend Yield: 1.03%
• Price Target: $170.00
• Consensus Rating: Moderate Buy

Ross Stores Stock Analysis - MarketRank™

Ross Stores scored higher than 97% of companies evaluated by MarketBeat, and ranked 18th out of 217 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ross Stores has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Ross Stores has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 8.50%

Earnings Growth

Earnings for Ross Stores are expected to grow by 8.50% in the coming year, from $6.12 to $6.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ross Stores is 22.96, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.94.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ross Stores is 22.96, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 132.28.

Price to Earnings Growth Ratio

Ross Stores has a PEG Ratio of 2.31. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ross Stores has a P/B Ratio of 9.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.45% of the float of Ross Stores has been sold short.

Short Interest Ratio / Days to Cover

Ross Stores has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ross Stores has recently increased by 0.86%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Ross Stores pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ross Stores does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ross Stores is 23.71%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ross Stores will have a dividend payout ratio of 22.14% next year. This indicates that Ross Stores will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.0 / 5
• Environmental Score: -2.57

Percentage of Shares Shorted

1.45% of the float of Ross Stores has been sold short.

Short Interest Ratio / Days to Cover

Ross Stores has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ross Stores has recently increased by 0.86%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.2 / 5
• News Sentiment: 0.74

News Sentiment

Ross Stores has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Ross Stores this week, compared to 12 articles on an average week.

Search Interest

10 people have searched for ROST on MarketBeat in the last 30 days. This is an increase of 11% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Ross Stores to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Ross Stores insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,093,051.00 in company stock.

Percentage Held by Insiders

Only 2.10% of the stock of Ross Stores is held by insiders.

Percentage Held by Institutions

86.86% of the stock of Ross Stores is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ROST Stock Analysis - Frequently Asked Questions

How have ROST shares performed this year?

Ross Stores' stock was trading at $138.39 at the start of the year. Since then, ROST stock has increased by 2.8% and is now trading at $142.33.
View the best growth stocks for 2024 here.

How were Ross Stores' earnings last quarter?

Ross Stores, Inc. (NASDAQ:ROST) posted its quarterly earnings data on Thursday, August, 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. The company's quarterly revenue was up 7.1% compared to the same quarter last year.
Read the conference call transcript.

How will Ross Stores' stock buyback program work?

Ross Stores' Board of Directors authorized a stock buyback plan on Tuesday, March 5th 2024, which permits the company to buy back $2,100,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Does Ross Stores have any subsidiaries?

Ross Stores subsidiaries include Retail Assurance Group Inc., Ross Distribution Company LLC, Ross Dress For Less Inc., Ross Merchandising Inc., and Ross Procurement Inc..

Who are Ross Stores' major shareholders?

Top institutional shareholders of Ross Stores include Primecap Management Co. CA (3.18%), FMR LLC (2.05%), Massachusetts Financial Services Co. MA (1.21%) and Victory Capital Management Inc. (1.04%). Insiders that own company stock include Barbara Rentler, Michael J Hartshorn, Brian R Morrow, Michael K Kobayashi, Michael J Bush, Jeffrey P Burrill, Michael Balmuth, Larree M Renda and Patricia H Mueller.
View institutional ownership trends.

How do I buy shares of Ross Stores?

Shares of ROST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ross Stores own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ross Stores investors own include NVIDIA (NVDA), Meta Platforms (META), Salesforce (CRM), Humana (HUM), Verizon Communications (VZ), Advanced Micro Devices (AMD) and American Water Works (AWK).

Company Calendar

• Last Earnings: 8/22/2024
• Ex-Dividend for 9/30 Dividend: 9/10/2024
• Dividend Payable: 9/30/2024
• Today: 11/14/2024
• Next Earnings (Confirmed): 11/21/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Family clothing stores
• Sub-Industry: Apparel Retail
• Current Symbol: NASDAQ:ROST
• CUSIP: 77829610
• CIK: 745732
• Web: www.rossstores.com
• Phone: (925) 965-4400
• Fax: 925-965-4181
• Employees: 108,000
• Year Founded: 1982

Price Target and Rating

• Average Stock Price Target: $170.00
• High Stock Price Target: $190.00
• Low Stock Price Target: $147.00
• Potential Upside/Downside: +19.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $6.20
• Trailing P/E Ratio: 22.96
• Forward P/E Ratio: 23.26
• P/E Growth: 2.31
• Net Income: $1.87 billion
• Net Margins: 9.82%
• Pretax Margin: 12.94%
• Return on Equity: 42.43%
• Return on Assets: 14.35%

Debt

• Debt-to-Equity Ratio: 0.30
• Current Ratio: 1.56
• Quick Ratio: 1.05

Sales & Book Value

• Annual Sales: $20.38 billion
• Price / Sales: 2.32
• Cash Flow: $6.91 per share
• Price / Cash Flow: 20.59
• Book Value: $14.47 per share
• Price / Book: 9.84

Miscellaneous

• Outstanding Shares: 331,760,000
• Free Float: 324,795,000
• Market Cap: $47.22 billion
• Optionable: Optionable
• Beta: 1.09