Ross Stores (NASDAQ:ROST) Rating Lowered to Hold at Zacks Research

Ross Stores (NASDAQ:ROST) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

ROST has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Finally, Truist Financial boosted their target price on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.12.

Ross Stores Stock Up 0.9%

Shares of NASDAQ ROST opened at $253.22 on Tuesday. The company’s 50 day moving average price is $230.64 and its 200-day moving average price is $217.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores has a 52-week low of $141.91 and a 52-week high of $257.00. The company has a market capitalization of $81.23 billion, a P/E ratio of 35.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the firm earned $1.47 earnings per share. Ross Stores’s quarterly revenue was up 20.6% on a year-over-year basis. Ross Stores has set its FY 2026 guidance at 7.500-7.740 EPS and its Q2 2026 guidance at 1.850-1.930 EPS. Equities analysts forecast that Ross Stores will post 7.74 earnings per share for the current year.

Hedge Funds Weigh In On Ross Stores

Institutional investors have recently added to or reduced their stakes in the stock. Ethic Inc. grew its holdings in shares of Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after purchasing an additional 4,847 shares during the last quarter. CWM LLC lifted its stake in Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after purchasing an additional 17,090 shares during the last quarter. National Pension Service boosted its position in Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after buying an additional 754,816 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in Ross Stores during the fourth quarter valued at about $204,750,000. Finally, NewEdge Wealth LLC grew its stake in shares of Ross Stores by 99.5% during the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after buying an additional 7,353 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

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.