Analysts Offer Predictions for Ross Stores FY2027 Earnings

Ross Stores, Inc. (NASDAQ:ROST) – Research analysts at Zacks Research raised their FY2027 EPS estimates for shares of Ross Stores in a research report issued to clients and investors on Thursday, September 3rd. Zacks Research analyst Team now expects that the apparel retailer will earn $8.16 per share for the year, up from their previous estimate of $7.64. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Ross Stores’ current full-year earnings is $8.15 per share. Zacks Research also issued estimates for Ross Stores’ Q2 2029 earnings at $2.66 EPS and FY2029 earnings at $9.57 EPS.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter last year, the firm earned $1.56 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year.

ROST has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a research note on Friday, August 21st. Truist Financial upped their price target on shares of Ross Stores from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Telsey Advisory Group lifted their price objective on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Sanford C. Bernstein boosted their price objective on shares of Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a research report on Friday, August 21st. Finally, Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Price Performance

Shares of ROST stock opened at $230.69 on Monday. Ross Stores has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. The firm has a market capitalization of $73.69 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 0.85. The stock has a 50 day moving average price of $234.95 and a 200 day moving average price of $225.14.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores in the fourth quarter valued at about $26,000. Bard Associates Inc. purchased a new stake in shares of Ross Stores during the fourth quarter valued at $31,000. Virtus Advisers LLC acquired a new position in shares of Ross Stores in the 4th quarter valued at $32,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ross Stores in the 4th quarter valued at $38,000. Finally, Twin Lakes Capital Management LLC acquired a new stake in Ross Stores during the 2nd quarter worth about $41,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio (DPR) is currently 21.55%.

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.