Ross Stores, Inc. (ROST)

NASDAQ: ROST · IEX Real-Time Price · USD
142.13
+10.27 (7.79%)
At close: May 24, 2024, 4:00 PM
141.55
-0.58 (-0.41%)
Pre-market: May 28, 2024, 5:13 AM EDT
7.79%
Market Cap 47.66B
Revenue (ttm) 20.38B
Net Income (ttm) 1.87B
Shares Out 335.31M
EPS (ttm) 5.56
PE Ratio 25.56
Forward PE 23.75
Dividend $1.47 (1.03%)
Ex-Dividend Date Jun 11, 2024
Volume 7,557,737
Open 141.62
Previous Close 131.86
Day's Range 142.13 - 142.13
52-Week Range 100.66 - 151.12
Beta 1.07
Analysts Buy
Price Target 156.32 (+9.98%)
Earnings Date May 23, 2024

About ROST

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. Ross Stores, Inc. was incorporated in 1957... [Read more]

Industry Apparel Retail
Founded 1982
Employees 108,000
Stock Exchange NASDAQ
Ticker Symbol ROST
Full Company Profile

Financial Performance

In 2023, Ross Stores's revenue was $20.38 billion, an increase of 8.99% compared to the previous year's $18.70 billion. Earnings were $1.87 billion, an increase of 23.97%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for ROST stock is "Buy." The 12-month stock price forecast is $156.32, which is an increase of 9.98% from the latest price.

Price Target
$156.32
(9.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Off-price retailers like TJX and Ross won't be slowing down any time soon — here's why

The parent companies behind TJ Maxx and Ross Dress for Less are continuing to grow sales as inflation-weary consumers hunt for deals and become more comfortable with shopping at discounters. The two r...

Other symbols: TJX
1 day ago - CNBC

Stock Market Today: Stocks Climb Ahead of Memorial Day Weekend

The S&P 500 and Nasdaq extended their weekly win streaks into the long holiday weekend.

Other symbols: DECK
3 days ago - Kiplinger

Ross Stores Stock Jumps on Earnings Beat, Raised Guidance

Shares of Ross Stores (ROST) surged over 8% in early trading Friday as the off-price apparel and home goods retailer posted better-than-anticipated results and raised its guidance as it cut costs.

3 days ago - Investopedia

Why T.J. Maxx and Ross Stores Shares Command Full Price

Off-price retailers TJX Cos. and Ross Stores have piles of deals for bargain hunters.

Other symbols: TJX
3 days ago - WSJ

Ross Stores COO: Shoppers' Cost-Cutting Behaviors Fuel Off-Priced Retail Growth

With consumers cutting back on discretionary spending while trading down to value-focused merchants, Ross Stores is seeing these belt-tightening behaviors prove to be a mixed bag.

4 days ago - PYMNTS

WDAY, INTU, DECK, ROST: Earnings Extravaganza

Workday (WDAY), Intuit (INTU), Deckers Outdoor (DECK), and Ross Stores (ROST) earnings were just released. Diane King Hall and Scott Durfey discuss the major takeaways from these earnings.

Other symbols: DECKINTUWDAY
4 days ago - Schwab Network

Ross Stores beats quarterly estimates on steady demand for discounted products

Ross Stores on Thursday posted first-quarter results above Wall Street estimates and raised its annual profit forecast, as shoppers pivot to off-price retailers prompted by sticky inflation that have ...

4 days ago - Reuters

Ross Stores raises profit forecast, even as higher prices hit lower-income shoppers

Shares of Ross Stores Inc. rallied in extended trading Thursday after the discount clothing chain raised its full-year profit forecast, even as higher prices continue to hit its low- to middle-income ...

4 days ago - Market Watch

Ross Stores Reports First Quarter Earnings

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $1.46 on net earnings of $488 million. These results compare t...

4 days ago - Business Wire

Ross Stores Announces Quarterly Dividend

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable ...

5 days ago - Business Wire

Ross Stores, Inc. Announces First Quarter 2024 Earnings Release and Conference Call

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) plans to release its first quarter 2024 earnings results on Thursday, May 23, 2024 at approximately 4:00 p.m. Eastern time. Participan...

18 days ago - Business Wire

Biden's late-fee crackdown is a blow to department stores. Shoppers should beware of what comes next.

Some of the biggest clothing and department-store chains rely on their own private-label credit cards to cushion their bottom lines. Those cards, often laden with incentives, keep shoppers coming back...

Other symbols: GPSJWNKSSLOWMSYFTJX
2 months ago - Market Watch

ROSS STORES OPENS 18 NEW LOCATIONS

TARGETING APPROXIMATELY 90 OPENINGS IN 2024 DUBLIN, Calif. , March 11, 2024 /PRNewswire/ -- Ross Stores, Inc. opened 11 Ross Dress for Less® ("Ross") and seven dd's DISCOUNTS® stores in 11 different s...

2 months ago - PRNewsWire

Ross Stores says that housing and food costs continue to pressure its customers

Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its customers.

2 months ago - Market Watch

Ross Stores Reports Results for Fourth Quarter and Fiscal 2023

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) today reported earnings per share for the 14 weeks ended February 3, 2024 of $1.82, up from $1.31 per share for the 13 weeks ended Jan...

2 months ago - Business Wire

How Lido Advisors' Gina Sanchez would trade retail stocks

Gina Sanchez, Lido Advisors chief market strategist, joins 'The Exchange' to discuss how to trade Ross Stores, Target, Costco, and Nordstrom.

Other symbols: COSTJWNTGT
3 months ago - CNBC Television

Ross Stores Announces Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time...

3 months ago - Business Wire

Ross Stores Appoints Karen Fleming President and Chief Merchandising Officer of dd's DISCOUNTS

DUBLIN, Calif.--(BUSINESS WIRE)--Ross Stores, Inc. (NASDAQ: ROST) announced today that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd's DISCOUNTS effective April 1, 2...

4 months ago - Business Wire

Retail execs say clothing demand is getting better. But it's still kind of a mess.

After unwanted shirts and pants piled up in warehouses and stockrooms last year, clothing chains such as Gap Inc. and Urban Outfitters have said over the past two weeks they've had an easier time sell...

Other symbols: ANFBURLGPSHDSNBRTGTTJX
6 months ago - Market Watch

The consumer is going toward TJX, Ross Stores and Burlington, says Dana Telsey

Dana Telsey, CEO of the Telsey Advisory Group, joins 'The Exchange' to discuss the outlook for the holiday season, the top retail names to own, and more.

Other symbols: BURLTJX
6 months ago - CNBC Television

S&P 500 Gains and Losses Today: Ross Stores' Low Prices Brought in More Shoppers

For a second day in a row, the S&P 500 posted narrow gains, rising 0.1% and extending its winning streak to four sessions. Overall, U.S. equities were little changed on Friday, but major indexes were ...

6 months ago - Investopedia

3 Buys and a Bail: Walmart, Ross Stores, Costco & Home Depot

Victoria Greene, founder and CIO at G Squared Private Wealth, joins 'The Exchange' to share three buys and a bail, including Walmart, Ross Stores, Costco, and Home Depot.

Other symbols: COSTHDWMT
6 months ago - CNBC Television

Midday Movers: Ross Stores and Copart Jump, Applied Materials and Alphabet Drop

U.S. equities were lower and little changed at midday but heading for a winning week, boosted by reports on slowing inflation, which could keep the Fed from raising interest rates further.

Other symbols: AMATCPRTGOOGGOOGL
6 months ago - Investopedia

Shares of Ross Stores Jump as 'Off-Price' Retailer Draws Inflation-Weary Shoppers

Ross Stores (ROST) reported better-than-expected results and raised its full-year outlook as high inflation drove consumers to the "off-price" retailer, sending shares up over 5% in early trading Frid...

6 months ago - Investopedia

Ross Stores CEO Says Off-Price Sector Remains Resilient

Positive customer response to value and convenience contributed to third-quarter results that outperformed expectations at Ross Stores.  The off-price retailer released its third-quarter earnings Thur...

6 months ago - PYMNTS