Telsey Advisory Group Forecasts Strong Price Appreciation for Ross Stores (NASDAQ:ROST) Stock

Ross Stores (NASDAQ:ROST) had its price target upped by equities researchers at Telsey Advisory Group from $175.00 to $220.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “market perform” rating on the apparel retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 8.11% from the company’s current price.

ROST has been the subject of several other research reports. TD Cowen restated a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Barclays reiterated an “overweight” rating and issued a $205.00 price target on shares of Ross Stores in a research report on Tuesday, January 6th. Jefferies Financial Group reiterated a “buy” rating and set a $205.00 price objective on shares of Ross Stores in a research report on Monday, December 1st. Wells Fargo & Company upped their target price on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $195.78.

Ross Stores Price Performance

ROST opened at $203.50 on Wednesday. The firm 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. Ross Stores has a fifty-two week low of $122.36 and a fifty-two week high of $204.85. 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 price is $190.10 and its 200 day moving average price is $169.50.

Hedge Funds Weigh In On Ross Stores

Large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 140 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of Ross Stores during the fourth quarter valued at $26,000. American National Bank & Trust bought a new position in Ross Stores in the third quarter valued at about $26,000. Bard Associates Inc. acquired a new stake in Ross Stores in the fourth quarter worth about $31,000. Finally, City Holding Co. increased its position in Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores News Summary

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…

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.