Ross Stores (NASDAQ:ROST) Price Target Raised to $240.00

Ross Stores (NASDAQ:ROST) had its target price raised by Citigroup from $224.00 to $240.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Citigroup’s price target indicates a potential upside of 12.90% from the stock’s previous close.

Several other equities analysts have also recently weighed in on ROST. Bank of America lifted their price objective on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Guggenheim increased their price target on shares of Ross Stores from $199.00 to $226.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Seventeen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $204.89.

Ross Stores Trading Up 7.6%

ROST traded up $14.93 during trading on Wednesday, reaching $212.57. The company had a trading volume of 3,745,286 shares, compared to its average volume of 2,504,718. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. Ross Stores has a 12-month low of $122.36 and a 12-month high of $216.80. The company has a market cap of $68.75 billion, a price-to-earnings ratio of 33.21, a PEG ratio of 3.52 and a beta of 0.97. The firm’s 50-day simple moving average is $191.34 and its 200 day simple moving average is $170.94.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the company posted $1.65 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities research analysts anticipate that Ross Stores will post 6.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ROST. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ross Stores during the 4th quarter worth about $78,000. Reflection Asset Management bought a new position in Ross Stores in the 4th quarter worth approximately $1,095,000. Sankala Group LLC acquired a new position in shares of Ross Stores during the fourth quarter worth approximately $221,000. MidFirst Bank bought a new stake in shares of Ross Stores in the fourth quarter valued at approximately $406,000. Finally, SG Trading Solutions LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $991,000. Institutional investors own 86.86% of the company’s stock.

Key Headlines Impacting Ross Stores

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

• Positive Sentiment: Q4 beat and upbeat guidance — Ross reported $2.00 EPS and $6.64B revenue (both above estimates), comp-store sales up ~9%, and provided Q1 and FY2026 EPS guidance above Street consensus, driving confidence in near-term growth. PR Newswire: Ross Stores Q4 Results
• Positive Sentiment: Large capital returns — the board approved a new two-year $2.55B repurchase authorization and raised the quarterly dividend by 10%, signaling strong cash flow and boosting buyback-driven EPS accretion expectations. PR Newswire: Buyback & Dividend
• Positive Sentiment: Analyst upgrades and price-target lifts — multiple firms raised ratings/targets (Goldman Sachs to $244 buy, Wells Fargo to $235 overweight, Guggenheim, Telsey upgrades), adding momentum and validating the print/guidance. Benzinga: Analyst Moves
• Neutral Sentiment: Off-price sector tailwind and expansion roadmap — coverage notes Ross is capturing mainstream share, plans ~110 new stores in 2026, and benefits from a “treasure-hunt” consumer trend; supportive for medium-term growth but execution/merchandise cadence remain watch points. MarketBeat: Off-Price Thesis
• Neutral Sentiment: Valuation commentary — some analysts and pieces flag that the strong quarter stretches valuation vs. peers, suggesting upside may be capped until growth proves durable. Seeking Alpha: Valuation Note
• Negative Sentiment: Insider and institutional selling items noted — recent filings show several insider sales and some large institutional reductions in the prior quarter, which could add selling pressure if they continue. QuiverQuant: Insider & Institutional Activity
• Negative Sentiment: Minor analyst downgrade — Zacks moved ROST from “strong-buy” to “hold,” a reminder some shops will wait for confirmation before re-rating higher. Zacks: Rating Change

About Ross Stores

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.