Ross Stores (NASDAQ:ROST) Hits New 52-Week High After Analyst Upgrade

Ross Stores, Inc. (NASDAQ:ROST) shares hit a new 52-week high during trading on Wednesday after Telsey Advisory Group raised their price target on the stock from $175.00 to $220.00. Telsey Advisory Group currently has a market perform rating on the stock. Ross Stores traded as high as $204.85 and last traded at $203.16, with a volume of 294444 shares. The stock had previously closed at $200.55.

Several other equities analysts also recently commented on the stock. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Jefferies Financial Group reiterated a “buy” rating and set a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Evercore upped their target price on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Finally, Robert W. Baird set a $200.00 price target on Ross Stores in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.78.

Trending Headlines about Ross Stores

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

• Positive Sentiment: Zacks says ROST shows momentum heading into Q4, expecting a likely beat driven by strong comps, broad merchandise strength and the resilience of the off‑price model. Ross Stores Stock Shows Momentum Before Q4 Results
• Positive Sentiment: Seeking Alpha reports ROST hit a new record high as the market rewards its value focus and momentum created by strong results at peer TJX. Ross Stores sets a new record high
• Positive Sentiment: Telsey Advisory Group raised its price target to $220 (from $175) while keeping a Market Perform rating — a notable lift to near‑term upside expectations. Telsey raises ROST price target
• Positive Sentiment: Yahoo Finance highlights how competitor retail bankruptcies may provide Ross multi‑quarter margin tailwinds (less competition for discounted inventory/pricing leverage). Ross Stores Turns Retail Bankruptcies Into Potential Multi Quarter Margin Tailwind
• Positive Sentiment: AmericanBankingNews reports JPMorgan sees strong price appreciation potential for ROST, adding institutional confidence to the bullish narrative. JPMorgan Forecasts Strong Price Appreciation
• Neutral Sentiment: Zacks includes Ross among discount retailers (with COST, TGT, DG) that look well placed given pricing and inventory trends — supportive sector context but not company‑specific new information. Costco and 3 More Discount Retail Stocks Investors Should Watch Now
• Neutral Sentiment: Bernstein nudged its target to $180 but kept a Market Perform rating — a modest upgrade that signals improving data (card spend) but not a full conviction buy signal. Bernstein raises target
• Neutral Sentiment: Zacks pieces on earnings‑ESP and “stocks to watch” mention Ross as one to consider before results — informational for traders using short‑term beat signals. Why Investors Need to Take Advantage…

Institutional Trading of Ross Stores

Institutional investors have recently modified their holdings of the company. MidFirst Bank bought a new position in Ross Stores in the fourth quarter worth $406,000. SG Trading Solutions LLC acquired a new position in shares of Ross Stores in the 4th quarter valued at $991,000. Pacer Advisors Inc. lifted its holdings in shares of Ross Stores by 1.6% during the 4th quarter. Pacer Advisors Inc. now owns 49,665 shares of the apparel retailer’s stock worth $8,947,000 after acquiring an additional 780 shares during the period. Phillip James Consulting Co. acquired a new stake in shares of Ross Stores during the 4th quarter valued at about $93,000. Finally, Vinland Capital Management Gestora de Recursos LTDA. bought a new stake in Ross Stores in the fourth quarter valued at about $158,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

The stock has a market cap of $65.82 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 3.49 and a beta of 0.99. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $190.10 and its 200-day moving average is $169.50.

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.