Citigroup Boosts Ross Stores (NASDAQ:ROST) Price Target to $240.00

Ross Stores (NASDAQ:ROST) had its price target raised by investment analysts at Citigroup from $224.00 to $240.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel retailer’s stock. Citigroup’s target price would suggest a potential upside of 12.90% from the company’s previous close.

Several other research analysts have also recently commented on ROST. The Goldman Sachs Group raised their target price on Ross Stores from $214.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday. Sanford C. Bernstein set a $200.00 price objective on shares of Ross Stores in a report on Wednesday. Robert W. Baird set a $200.00 target price on shares of Ross Stores in a research report on Wednesday, December 17th. Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $220.00 to $240.00 in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.89.

Ross Stores Stock Performance

ROST traded up $14.93 on Wednesday, hitting $212.57. 3,745,286 shares of the stock traded hands, compared to its average volume of 2,504,718. Ross Stores has a 52 week low of $122.36 and a 52 week high of $216.80. 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 firm has a market capitalization of $68.75 billion, a PE ratio of 33.21, a P/E/G ratio of 3.52 and a beta of 0.97. The business has a fifty day moving average price of $191.34 and a two-hundred day moving average price of $170.94.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The company had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter last year, the company earned $1.65 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, research analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.

Institutional Trading of Ross Stores

Several hedge funds have recently modified their holdings of ROST. Vanguard Group Inc. boosted its holdings in shares of Ross Stores by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. State Street Corp raised its position in Ross Stores by 0.4% in the 2nd quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock valued at $1,782,873,000 after purchasing an additional 61,168 shares during the last quarter. Primecap Management Co. CA boosted its stake in 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 worth $1,310,081,000 after purchasing an additional 51,765 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Ross Stores by 1.9% during the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after purchasing an additional 180,182 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Ross Stores by 1.6% in the second 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 in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Key Headlines Impacting Ross Stores

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

• Positive Sentiment: Q4 beat and upbeat guidance — Ross reported $2.00 EPS and $6.64B revenue (both above estimates), comp-store sales up ~9%, and provided Q1 and FY2026 EPS guidance above Street consensus, driving confidence in near-term growth. PR Newswire: Ross Stores Q4 Results
• Positive Sentiment: Large capital returns — the board approved a new two-year $2.55B repurchase authorization and raised the quarterly dividend by 10%, signaling strong cash flow and boosting buyback-driven EPS accretion expectations. PR Newswire: Buyback & Dividend
• Positive Sentiment: Analyst upgrades and price-target lifts — multiple firms raised ratings/targets (Goldman Sachs to $244 buy, Wells Fargo to $235 overweight, Guggenheim, Telsey upgrades), adding momentum and validating the print/guidance. Benzinga: Analyst Moves
• Neutral Sentiment: Off-price sector tailwind and expansion roadmap — coverage notes Ross is capturing mainstream share, plans ~110 new stores in 2026, and benefits from a “treasure-hunt” consumer trend; supportive for medium-term growth but execution/merchandise cadence remain watch points. MarketBeat: Off-Price Thesis
• Neutral Sentiment: Valuation commentary — some analysts and pieces flag that the strong quarter stretches valuation vs. peers, suggesting upside may be capped until growth proves durable. Seeking Alpha: Valuation Note
• Negative Sentiment: Insider and institutional selling items noted — recent filings show several insider sales and some large institutional reductions in the prior quarter, which could add selling pressure if they continue. QuiverQuant: Insider & Institutional Activity
• Negative Sentiment: Minor analyst downgrade — Zacks moved ROST from “strong-buy” to “hold,” a reminder some shops will wait for confirmation before re-rating higher. Zacks: Rating Change

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.