The Goldman Sachs Group Raises Ross Stores (NASDAQ:ROST) Price Target to $244.00

Ross Stores (NASDAQ:ROST) had its target price hoisted by investment analysts at The Goldman Sachs Group from $214.00 to $244.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 15.24% from the company’s current price.

A number of other brokerages also recently commented on ROST. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. TD Cowen reiterated a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Sanford C. Bernstein set a $200.00 price target on shares of Ross Stores in a research report on Wednesday. Citigroup raised their price objective on shares of Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Finally, Bank of America boosted their target price on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $204.00.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded up $14.09 during midday trading on Wednesday, hitting $211.73. The company’s stock had a trading volume of 2,900,454 shares, compared to its average volume of 2,481,995. The company has a market cap of $68.48 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.97. Ross Stores has a 12-month low of $122.36 and a 12-month high of $216.80. The business’s 50 day simple moving average is $191.34 and its 200 day simple moving average is $170.94. 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 (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $6.42 billion. During the same quarter in the prior year, the firm earned $1.65 EPS. Ross Stores’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts forecast that Ross Stores will post 6.17 EPS for the current year.

Institutional Investors Weigh In On Ross Stores

A number of institutional investors and hedge funds have recently made changes to their positions in ROST. Vanguard Group Inc. increased its holdings in Ross Stores by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after purchasing an additional 5,060,954 shares during the last quarter. State Street Corp boosted its position in shares of Ross Stores by 0.4% during the second quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock worth $1,782,873,000 after buying an additional 61,168 shares during the period. Primecap Management Co. CA grew its stake in shares of Ross Stores by 0.5% in the second quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock valued at $1,310,081,000 after buying an additional 51,765 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Ross Stores by 1.9% in the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after buying an additional 180,182 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Ross Stores by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock valued at $1,102,077,000 after buying an additional 133,005 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Ross Stores

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

• Positive Sentiment: Q4 beat: Ross reported $2.00 EPS and $6.64B revenue (both above Street estimates) with comps +9%, driven by higher traffic and strong holiday assortments — a clear operational beat. ROSS STORES REPORTS FOURTH QUARTER EARNINGS WELL ABOVE GUIDANCE
• Positive Sentiment: Stronger guidance: Management raised FY26 EPS and gave Q1 guidance (Q1 midpoint above consensus), signaling confidence in demand and margin expansion for the year. Ross Stores forecasts annual sales above estimates
• Positive Sentiment: Shareholder-friendly moves: Board approved a new two‑year $2.55B repurchase authorization and raised the quarterly dividend 10% — boosts EPS support and signals management confidence. ROSS STORES REPORTS FOURTH QUARTER EARNINGS WELL ABOVE GUIDANCE
• Positive Sentiment: Analyst upgrades/price-target lifts: Multiple firms raised ratings/targets (Wells Fargo to $235, Guggenheim to $226, Telsey to $240), providing fresh buy-side momentum. Wells Fargo price target raise (Benzinga)
• Neutral Sentiment: Market narrative: Management said the spring season is off to a “very strong” start; commentary supports the beat but is forward-looking and depends on execution and inventory. Ross Stores Fourth-Quarter Profit, Revenue Rise (WSJ)
• Neutral Sentiment: Institutional/hedge fund flows are mixed — some large holders trimmed exposure while others added; these portfolio moves can mute or amplify momentum but aren’t a directional catalyst on their own. Quiver Quantitative coverage
• Negative Sentiment: Valuation concerns: Some analysts/commentators warn the post-beat rally stretches valuation (higher P/E vs. peers/expectations), which could cap upside if results or guidance slip. Ross Stores: Strong Q4 Results Stretch The Valuation (Seeking Alpha)
• Negative Sentiment: Insider selling and a minor downgrade: Recent insider sales and a Zacks downgrade to “hold” introduce some cautionary signals for investors watching insider alignment and near-term sentiment. Quiver Quantitative insider activity Zacks downgrade

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.