Ross Stores (NASDAQ:ROST) Given New $270.00 Price Target at Robert W. Baird

Ross Stores (NASDAQ:ROST) had its price objective raised by equities researchers at Robert W. Baird from $250.00 to $270.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the apparel retailer’s stock. Robert W. Baird’s price objective indicates a potential upside of 17.91% from the stock’s current price.

ROST has been the topic of a number of other research reports. Sanford C. Bernstein reissued a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research lowered Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Telsey Advisory Group lifted their price target on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.12.

Ross Stores Trading Down 2.4%

NASDAQ:ROST opened at $228.99 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $233.83 and a 200-day simple moving average of $221.74. The company has a market capitalization of $73.46 billion, a P/E ratio of 31.98, a PEG ratio of 2.61 and a beta of 0.86. Ross Stores has a 12 month low of $143.39 and a 12 month high of $257.00.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm earned $1.56 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts anticipate that Ross Stores will post 7.81 earnings per share for the current year.

Institutional Investors Weigh In On Ross Stores

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new position in Ross Stores in the fourth quarter valued at $26,000. Bard Associates Inc. purchased a new stake in Ross Stores during the 4th quarter valued at approximately $31,000. Virtus Advisers LLC acquired a new stake in Ross Stores during the 2nd quarter worth approximately $38,000. Twin Lakes Capital Management LLC purchased a new position in shares of Ross Stores in the 2nd quarter valued at approximately $41,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Ross Stores in the 2nd quarter valued at approximately $43,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores News Roundup

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Strong Q2 results: Revenue rose 13.3% year over year to approximately $6.26 billion, ahead of the $6.16 billion consensus estimate. Diluted EPS reached $2.66, up from $1.56 a year ago and well above the roughly $1.95 analyst forecast. Comparable-store sales increased 10%, supported by higher customer traffic. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Guidance raised: Ross increased fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the prior outlook and the cited $7.31 consensus estimate. Third-quarter EPS guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Expansion and customer momentum: The company opened 47 stores during the quarter and raised its fiscal-year opening plan to 115 locations. Management cited gains among both existing and new customers, reinforcing expectations that the off-price value proposition is attracting shoppers from mainstream retailers. Ross Posts 13% Sales Jump as Inflation Drives Shoppers to Off-Price Retailers
• Neutral Sentiment: Valuation remains a concern: BTIG reiterated a Hold rating, arguing that strong execution is already reflected in ROST’s premium valuation. Investors may therefore require continued earnings beats and guidance increases to support further upside. Analyst Reiterates Hold on Ross Stores
• Negative Sentiment: One-time benefit and insider selling: Results included approximately $253 million in tariff refunds, which may not recur. Separately, reported insider activity over the past six months consisted of sales rather than purchases, modestly tempering the otherwise bullish reaction.

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.