Ross Stores FY2027 EPS Estimate Boosted by Erste Group Bank

Ross Stores, Inc. (NASDAQ:ROST) – Analysts at Erste Group Bank increased their FY2027 earnings per share estimates for Ross Stores in a research report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now forecasts that the apparel retailer will post earnings per share of $7.20 for the year, up from their prior forecast of $7.16. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Ross Stores’ current full-year earnings is $6.17 per share.

Several other research firms have also issued reports on ROST. JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Barclays restated an “overweight” rating and set a $205.00 price target on shares of Ross Stores in a report on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Sanford C. Bernstein reissued a “market perform” rating and set a $170.00 target price on shares of Ross Stores in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $190.94.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $201.45 on Monday. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $188.59 and its two-hundred day simple moving average is $168.24. Ross Stores has a 1-year low of $122.36 and a 1-year high of $203.31. The stock has a market cap of $65.16 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 3.49 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.Ross Stores’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Ross Stores by 14.8% during 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 acquiring an additional 5,060,954 shares during the period. Norges Bank purchased a new position in shares of Ross Stores in the fourth quarter valued at $868,360,000. Holocene Advisors LP purchased a new position in shares of Ross Stores in the third quarter valued at $351,763,000. Marshall Wace LLP raised its stake in shares of Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after purchasing an additional 1,726,324 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

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.