Wells Fargo & Company Forecasts Strong Price Appreciation for Ross Stores (NASDAQ:ROST) Stock

Ross Stores (NASDAQ:ROST) had its price objective lifted by Wells Fargo & Company from $205.00 to $235.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the apparel retailer’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.39% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. Guggenheim raised their price target on shares of Ross Stores from $199.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Telsey Advisory Group raised Ross Stores from a “market perform” rating to an “outperform” rating and increased their price target for the company from $220.00 to $240.00 in a report on Wednesday. Finally, Citigroup boosted their price objective on Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $208.29.

Ross Stores Stock Performance

NASDAQ ROST opened at $214.83 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $192.72 and its 200-day simple moving average is $171.54. The company has a market cap of $69.49 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 3.15 and a beta of 0.97. Ross Stores has a 1-year low of $122.36 and a 1-year high of $216.80.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.90 by $0.10. The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.42 billion. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 EPS. As a group, equities research analysts anticipate that Ross Stores will post 6.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Ross Stores

Several large investors have recently modified their holdings of the business. Virtus Investment Advisers LLC acquired a new position in Ross Stores in the 2nd quarter valued at about $1,265,000. Jump Financial LLC acquired a new stake in shares of Ross Stores during the second quarter worth about $7,949,000. GSA Capital Partners LLP purchased a new position in shares of Ross Stores in the third quarter valued at approximately $1,411,000. Thrivent Financial for Lutherans grew its holdings in shares of Ross Stores by 84.7% in the third quarter. Thrivent Financial for Lutherans now owns 227,340 shares of the apparel retailer’s stock valued at $34,645,000 after purchasing an additional 104,270 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Ross Stores by 6.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 130,610 shares of the apparel retailer’s stock worth $19,904,000 after buying an additional 7,338 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Trending Headlines about Ross Stores

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

• Positive Sentiment: Q4 outperformance: Ross reported stronger-than-expected Q4 revenue (~$6.64B) and EPS ($2.00), with comps up ~9%, signaling traffic and mix improvements that support upside to sales and earnings. Ross Stores Fourth-Quarter Sales Rise as Traffic Picks Up
• Positive Sentiment: Upbeat guidance and capital returns: Management gave Q1 and FY26 guidance above prior consensus, raised the quarterly dividend ~10% (to $0.445) and authorized a two‑year $2.55B buyback — a material share‑count tailwind. These actions drove much of the buying momentum. Ross Stores Proves the Off-Price Uptrend Is Far From Over
• Positive Sentiment: Analyst follow‑through: Multiple firms raised ratings and price targets (Goldman, Citi, Wells Fargo, Guggenheim, Telsey), reflecting confidence the off‑price cycle and Ross’s execution can sustain growth. Ross Stores Analysts Boost Their Forecasts After Upbeat Q4 Results
• Neutral Sentiment: Long-term performance context: Commentary and retrospectives (e.g., “If you invested $1,000 … 15 years ago”) provide background on shareholder returns but don’t change the near‑term thesis. If You Invested $1000 In Ross Stores Stock 15 Years Ago, You Would Have This Much Today
• Negative Sentiment: Valuation and profit‑taking risk: Some analysts and commentators warn Q4 strength has stretched near‑term valuation and the post‑release pop leaves the stock vulnerable to consolidation or pullback if execution slips. Ross Stores: Strong Q4 Results Stretch The Valuation
• Negative Sentiment: Insider/institutional flows: Reports show notable insider selling and mixed institutional activity (large trims by some managers offset by adds from others), creating a potential overhang if selling accelerates. Ross Stores jumps after Q4 beat, upbeat spring commentary, and new buyback/dividend hike

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.