Ross Stores FY2028 EPS Forecast Lifted by Erste Group Bank

Ross Stores, Inc. (NASDAQ:ROST) – Analysts at Erste Group Bank lifted their FY2028 earnings estimates for shares of Ross Stores in a research note issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the apparel retailer will post earnings per share of $8.91 for the year, up from their prior forecast of $8.51. The consensus estimate for Ross Stores’ current full-year earnings is $8.15 per share.

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

ROST has been the subject of several other reports. UBS Group raised their price objective on Ross Stores from $232.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $294.00 target price on shares of Ross Stores in a report on Friday, August 21st. Sanford C. Bernstein upped their target price on Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Friday, August 21st. Finally, Wells Fargo & Company raised their price target on Ross Stores from $245.00 to $248.00 and gave the company an “equal weight” rating in a research report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Price Performance

ROST stock opened at $229.24 on Monday. The firm has a 50 day moving average of $233.79 and a 200-day moving average of $224.17. The company has a market cap of $73.54 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 1.92 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores has a 12-month low of $143.39 and a 12-month high of $257.00.

Institutional Investors Weigh In On Ross Stores

A number of institutional investors and hedge funds have recently bought and sold shares of ROST. Woodline Partners LP lifted its position in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its position in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after purchasing an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Ross Stores by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Dividend Announcement

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