Ross Stores (NASDAQ:ROST) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft began coverage on shares of Ross Stores (NASDAQ:ROST) in a research report report published on Thursday, Marketbeat.com reports. The firm issued a buy rating on the apparel retailer’s stock.

Several other analysts also recently commented on ROST. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Wells Fargo & Company increased their price target on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 target price on shares of Ross Stores in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $186.41.

Ross Stores Stock Up 1.1%

Shares of ROST stock opened at $191.44 on Thursday. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $192.26. The firm has a market capitalization of $61.92 billion, a PE ratio of 29.91, a P/E/G ratio of 4.21 and a beta of 1.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The stock’s 50-day simple moving average is $175.34 and its 200-day simple moving average is $155.71.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. Equities analysts expect that Ross Stores will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is 25.31%.

Hedge Funds Weigh In On Ross Stores

Large investors have recently bought and sold shares of the business. Signature Estate & Investment Advisors LLC increased its position in shares of Ross Stores by 3.1% in the first quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock valued at $320,000 after buying an additional 76 shares in the last quarter. Woodline Partners LP increased its holdings in Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Bayforest Capital Ltd increased its holdings in Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Focus Partners Wealth raised its position in Ross Stores by 6.6% during the first quarter. Focus Partners Wealth now owns 18,129 shares of the apparel retailer’s stock worth $2,317,000 after acquiring an additional 1,118 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds 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.