Ross Stores (NASDAQ:ROST) Stock Price Expected to Rise, Bank of America Analyst Says

Ross Stores (NASDAQ:ROST) had its price objective lifted by stock analysts at Bank of America from $175.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel retailer’s stock. Bank of America‘s price objective suggests a potential upside of 24.61% from the stock’s current price.

ROST has been the subject of several other reports. Telsey Advisory Group boosted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Erste Group Bank started coverage on Ross Stores in a research note on Friday, October 31st. They issued a “buy” rating for the company. UBS Group increased their target price on Ross Stores from $147.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Robert W. Baird raised their price target on Ross Stores from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 22nd. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.56.

Ross Stores Stock Up 0.0%

Shares of ROST opened at $160.50 on Friday. Ross Stores has a 1 year low of $122.36 and a 1 year high of $165.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. The stock has a 50 day simple moving average of $155.11 and a two-hundred day simple moving average of $145.62. The firm has a market cap of $52.20 billion, a P/E ratio of 25.48, a P/E/G ratio of 3.04 and a beta of 1.16.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the previous year, the business posted $1.48 EPS. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. On average, analysts forecast that Ross Stores will post 6.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CMO Karen Fleming sold 2,932 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $149.09, for a total transaction of $437,131.88. Following the completion of the transaction, the chief marketing officer owned 88,335 shares in the company, valued at $13,169,865.15. This represents a 3.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the completion of the sale, the insider directly owned 57,012 shares of the company’s stock, valued at $8,607,101.64. The trade was a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,720 shares of company stock worth $7,761,212 in the last ninety days. Insiders own 2.20% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

A number of large investors have recently modified their holdings of ROST. American National Bank & Trust bought a new position in Ross Stores in the third quarter worth about $26,000. Grey Fox Wealth Advisors LLC bought a new stake in Ross Stores during the 3rd quarter valued at approximately $29,000. Aspect Partners LLC grew its holdings in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 148 shares in the last quarter. Finally, Bayforest Capital Ltd lifted its stake in shares of Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the period. Institutional investors own 86.86% of the company’s stock.

About Ross Stores

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.