Ross Stores, Inc., together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income. As of September 27, 2021, it operated approximately 1,900 off-price apparel and home fashion stores in 40 states, the District of Columbia, and Guam. The company was incorporated in 1957 and is headquartered in Dublin, California.
IPO Year: 1985
Exchange: NASDAQ
Website: rossstores.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/23/2024 | $160.00 → $175.00 | Market Perform | Telsey Advisory Group |
3/6/2024 | $135.00 → $160.00 | Market Perform | Telsey Advisory Group |
2/23/2024 | $85.00 → $142.00 | Sell → Neutral | UBS |
2/8/2024 | Neutral → Buy | Cleveland Research | |
11/7/2023 | $140.00 | Outperform | Evercore ISI |
11/3/2023 | $135.00 | Accumulate → Buy | Gordon Haskett |
8/3/2023 | $113.00 → $129.00 | Market Perform → Outperform | TD Cowen |
6/29/2023 | $112.00 | Neutral | Piper Sandler |
6/26/2023 | $120.00 | Buy → Accumulate | Gordon Haskett |
3/29/2023 | Neutral → Sell | UBS |
Ross Stores, Inc. (NASDAQ:ROST) announced today that Karen Fleming has been promoted to President and Chief Merchandising Officer, dd's DISCOUNTS effective April 1, 2024. Ms. Fleming will report directly to Barbara Rentler, the Company's Chief Executive Officer and be responsible for directing all aspects of merchandising at dd's DISCOUNTS. Brian Morrow, current President and Chief Merchandising Officer of dd's will transition to a consultant role upon Ms. Fleming's promotion. Ms. Fleming joined the dd's buying organization in 2022, after almost 20 years of merchandise leadership roles in several businesses at Ross Dress for Less. Since September 2023, she served as Group Executive Vice P
Ross Stores, Inc. (NASDAQ:ROST) announced today that Stephen Brinkley, 50, has been named to the newly-created position of President, Operations with an expected start date of October 30, 2023. In his new role, Mr. Brinkley will report to Michael Hartshorn, Group President and Chief Operating Officer. His responsibilities will include Property Development, Stores, and Supply Chain. The Company's Finance, Human Resources, Legal, Marketing, Strategy, and Technology organizations will continue to report directly to Mr. Hartshorn. Most recently, Mr. Brinkley served as President of SportChek, a subsidiary of Canadian Tire Corporation, Canada's largest retailer of sporting goods, footwear, and
Ross Stores, Inc. (NASDAQ:ROST) announced today that Adam Orvos, currently Group Senior Vice President, Supply Chain Administration, is being promoted to Executive Vice President and Chief Financial Officer effective October 1, 2021. In his new role, Mr. Orvos will be responsible for the Company's accounting, treasury, financial planning, tax, corporate social responsibility, and investor relations functions. As CFO, he will report to Michael Hartshorn, Group President and Chief Operating Officer. Mr. Orvos joined Ross Stores in January 2021 as Group Senior Vice President, Supply Chain Administration. His 34 years of broad-based retail management experience includes serving as Chief Financ
Karen Fleming Promoted to President and Chief Merchandising Officer, Ross Dress for Less Karen Sykes Promoted to President and Chief Merchandising Officer, dd's DISCOUNTS Ross Stores, Inc. (NASDAQ:ROST) announced today merchandising leadership changes that the Company believes will strengthen the successful execution of its off-price strategies and drive profitable market share gains over the near and long term. Effective December 1, 2024: Karen Fleming is being promoted to President and Chief Merchandising Officer, Ross Dress for Less, continuing to report directly to Barbara Rentler, Chief Executive Officer. Ms. Fleming is currently President and Chief Merchandising Officer of dd's DI
Provides Second Half and Updated Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 13 weeks ended August 3, 2024 of $1.59 on net income of $527 million. These results compare to earnings per share of $1.32 on net income of $446 million for the 13 weeks ended July 29, 2023. Total sales for the 2024 second quarter increased 7% to $5.3 billion, up from $4.9 billion for the same period in 2023, with comparable store sales up 4% versus last year. For the six months ended August 3, 2024, earnings per share were $3.05 on net income of $1.0 billion. These results compare to earnings per share of $2.41 on net earnings of $818 million in the first half
Ross Stores, Inc. (NASDAQ:ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on September 30, 2024 to stockholders of record as of September 10, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,795 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer appa
Ross Stores, Inc. (NASDAQ:ROST) plans to release its second quarter 2024 earnings results on Thursday, August 22, 2024 at approximately 4:00 p.m. Eastern time. Participants may listen to a real-time audio webcast of the conference call on Thursday, August 22, 2024 at 4:15 p.m. Eastern time by visiting the Investors section of the Company's website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13748197, through 8:00 p.m. Eastern time on August 29, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headqua
DUBLIN, Calif., July 22, 2024 /PRNewswire/ -- Ross Stores recently opened 21 Ross Dress for Less® ("Ross") and three dd's DISCOUNTS® stores across 17 different states in June and July. These new locations are part of the Company's plans to add approximately 90 new stores, comprised of about 75 Ross and 15 dd's DISCOUNTS locations, during fiscal 2024. "These recent openings reflect our ongoing plans to continue building our presence in both existing and newer markets," said Richard Lietz, Executive Vice President, Property Development. "This summer, Ross expanded its footprint in several existing markets and added locations in Michigan, Minnesota, and New York, states we entered last year,
Provides Second Quarter and Updated Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $1.46 on net earnings of $488 million. These results compare to earnings per share of $1.09 on net income of $371 million for the 13 weeks ended April 29, 2023. Sales for the first quarter of 2024 grew 8% to $4.9 billion, up from $4.5 billion in the prior year period, with comparable sales up 3% versus last year. Barbara Rentler, Chief Executive Officer, commented, "Though we had hoped to do better, first quarter sales were in line with guidance despite macroeconomic headwinds that continued to pressure our customers' discretion
Ross Stores, Inc. (NASDAQ:ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024 to stockholders of record as of June 11, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,775 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, acces
Ross Stores, Inc. (NASDAQ:ROST) plans to release its first quarter 2024 earnings results on Thursday, May 23, 2024 at approximately 4:00 p.m. Eastern time. Participants may listen to a real-time audio webcast of the conference call on Thursday, May 23, 2024 at 4:15 p.m. Eastern time by visiting the Investors section of the Company's website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13746503, through 8:00 p.m. Eastern time on May 30, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in
TARGETING APPROXIMATELY 90 OPENINGS IN 2024 DUBLIN, Calif., March 11, 2024 /PRNewswire/ -- Ross Stores, Inc. opened 11 Ross Dress for Less® ("Ross") and seven dd's DISCOUNTS® stores in 11 different states in February and March. These new locations are part of the Company's plans to add approximately 90 new stores, comprised of about 75 Ross and 15 dd's DISCOUNTS, during fiscal 2024. "This Spring, we continued to expand the store base of both Ross and dd's. Specifically for Ross, we expanded our presence in the newer markets of Michigan and New York, while dd's growth primarily focused on existing markets of California, Florida, and Texas," said Gregg McGillis, Group Executive Vice Presiden
Announces New Two-year Stock Repurchase Authorization and Raises Quarterly Cash Dividend Provides First Quarter and Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 14 weeks ended February 3, 2024 of $1.82, up from $1.31 per share for the 13 weeks ended January 28, 2023. Net income for the period rose to $610 million versus $447 million last year. Sales for the 14 weeks ended February 3, 2024 grew to $6.0 billion, with comparable store sales for the 13 weeks ended January 27, 2024 up a robust 7% over the same period last year. Fiscal 2023 earnings per share for the 53 weeks ended February 3, 2024 grew to $5.56, up from $4.38 in the 52-week
Telsey Advisory Group reiterated coverage of Ross Stores with a rating of Market Perform and set a new price target of $175.00 from $160.00 previously
Telsey Advisory Group reiterated coverage of Ross Stores with a rating of Market Perform and set a new price target of $160.00 from $135.00 previously
UBS upgraded Ross Stores from Sell to Neutral and set a new price target of $142.00 from $85.00 previously
Cleveland Research upgraded Ross Stores from Neutral to Buy
Evercore ISI initiated coverage of Ross Stores with a rating of Outperform and set a new price target of $140.00
Gordon Haskett upgraded Ross Stores from Accumulate to Buy and set a new price target of $135.00
TD Cowen upgraded Ross Stores from Market Perform to Outperform and set a new price target of $129.00 from $113.00 previously
Piper Sandler initiated coverage of Ross Stores with a rating of Neutral and set a new price target of $112.00
Gordon Haskett downgraded Ross Stores from Buy to Accumulate and set a new price target of $120.00
UBS downgraded Ross Stores from Neutral to Sell
4 - ROSS STORES, INC. (0000745732) (Issuer)
Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years by 5.74% on an annualized basis producing an average annual return of 16.56%. Currently, Ross Stores has a market capitalization of $49.22 billion. Buying $100 In ROST: If an investor had bought $100 of ROST stock 10 years ago, it would be worth $465.81 today based on a price of $147.56 for ROST at the time of writing. Ross Stores's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engin
Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years by 5.31% on an annualized basis producing an average annual return of 16.22%. Currently, Ross Stores has a market capitalization of $48.99 billion. Buying $100 In ROST: If an investor had bought $100 of ROST stock 10 years ago, it would be worth $450.94 today based on a price of $146.70 for ROST at the time of writing. Ross Stores's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engin
Ross Stores (NASDAQ:ROST) has outperformed the market over the past 10 years by 5.53% on an annualized basis producing an average annual return of 16.2%. Currently, Ross Stores has a market capitalization of $49.84 billion. Buying $1000 In ROST: If an investor had bought $1000 of ROST stock 10 years ago, it would be worth $4,513.84 today based on a price of $149.25 for ROST at the time of writing. Ross Stores's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content en
During the last three months, 11 analysts shared their evaluations of Ross Stores (NASDAQ:ROST), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 5 4 0 0 Last 30D 0 0 1 0 0 1M Ago 2 4 3 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $162.09, a high estimate of $176.00, and a low estimate of $147.00. Marking an increase of 1
Telsey Advisory Group analyst Dana Telsey maintains Ross Stores (NASDAQ:ROST) with a Market Perform and maintains $160 price target.
Ross Stores's (NYSE:ROST) short percent of float has risen 14.57% since its last report. The company recently reported that it has 5.70 million shares sold short, which is 1.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Shares of retail value stores Big Lots Inc. (NYSE:BIG) and Five Below Inc. (NASDAQ:FIVEHTTPS, NASDAQ:FIVE) are trading lower as investors digest the latest earnings reports. What To Know: Big Lots reported disappointing first-quarter 2024 results. The company posted an adjusted loss of $4.51 per share, missing estimates for a loss of $3.92 per share and reported sales of $1.0 billion, falling short of the $1.1 billion estimate. This represents a 10.2% decrease in sales from $1.1 billion last year, according to Benzinga Pro. Despite soft quarterly results, Big Lots expects second-quarter comp sales to improve sequentially, projecting a mid to high-single-digit decline. Related Link:
Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 12.72%. Currently, Ross Stores has a market capitalization of $46.89 billion. Buying $100 In ROST: If an investor had bought $100 of ROST stock 20 years ago, it would be worth $1,097.21 today based on a price of $139.84 for ROST at the time of writing. Ross Stores's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content eng
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
4 - ROSS STORES, INC. (0000745732) (Issuer)
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Provides Second Half and Updated Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 13 weeks ended August 3, 2024 of $1.59 on net income of $527 million. These results compare to earnings per share of $1.32 on net income of $446 million for the 13 weeks ended July 29, 2023. Total sales for the 2024 second quarter increased 7% to $5.3 billion, up from $4.9 billion for the same period in 2023, with comparable store sales up 4% versus last year. For the six months ended August 3, 2024, earnings per share were $3.05 on net income of $1.0 billion. These results compare to earnings per share of $2.41 on net earnings of $818 million in the first half
Ross Stores, Inc. (NASDAQ:ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on September 30, 2024 to stockholders of record as of September 10, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,795 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer appa
Ross Stores, Inc. (NASDAQ:ROST) plans to release its second quarter 2024 earnings results on Thursday, August 22, 2024 at approximately 4:00 p.m. Eastern time. Participants may listen to a real-time audio webcast of the conference call on Thursday, August 22, 2024 at 4:15 p.m. Eastern time by visiting the Investors section of the Company's website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13748197, through 8:00 p.m. Eastern time on August 29, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headqua
Provides Second Quarter and Updated Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 13 weeks ended May 4, 2024 of $1.46 on net earnings of $488 million. These results compare to earnings per share of $1.09 on net income of $371 million for the 13 weeks ended April 29, 2023. Sales for the first quarter of 2024 grew 8% to $4.9 billion, up from $4.5 billion in the prior year period, with comparable sales up 3% versus last year. Barbara Rentler, Chief Executive Officer, commented, "Though we had hoped to do better, first quarter sales were in line with guidance despite macroeconomic headwinds that continued to pressure our customers' discretion
Ross Stores, Inc. (NASDAQ:ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.3675 per common share, payable on June 28, 2024 to stockholders of record as of June 11, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2023 revenues of $20.4 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,775 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel, acces
Ross Stores, Inc. (NASDAQ:ROST) plans to release its first quarter 2024 earnings results on Thursday, May 23, 2024 at approximately 4:00 p.m. Eastern time. Participants may listen to a real-time audio webcast of the conference call on Thursday, May 23, 2024 at 4:15 p.m. Eastern time by visiting the Investors section of the Company's website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13746503, through 8:00 p.m. Eastern time on May 30, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in
Announces New Two-year Stock Repurchase Authorization and Raises Quarterly Cash Dividend Provides First Quarter and Fiscal 2024 Guidance Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 14 weeks ended February 3, 2024 of $1.82, up from $1.31 per share for the 13 weeks ended January 28, 2023. Net income for the period rose to $610 million versus $447 million last year. Sales for the 14 weeks ended February 3, 2024 grew to $6.0 billion, with comparable store sales for the 13 weeks ended January 27, 2024 up a robust 7% over the same period last year. Fiscal 2023 earnings per share for the 53 weeks ended February 3, 2024 grew to $5.56, up from $4.38 in the 52-week
Ross Stores, Inc. (NASDAQ:ROST) plans to release its fourth quarter and fiscal 2023 earnings results on Tuesday, March 5, 2024 at approximately 4:00 p.m. Eastern Time. Participants may listen to a real-time audio webcast of the conference call on Tuesday, March 5, 2024 at 4:15 p.m. Eastern Time by visiting the Investors section of the Company's website located at www.rossstores.com. A recorded version of the call will also be available at the website address, as well as via a telephone recording at 201-612-7415, Passcode #13744604, through 8:00 p.m. Eastern Time on March 12, 2024. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company hea
Ross Stores, Inc. (NASDAQ:ROST) today reported earnings per share for the 13 weeks ended October 28, 2023 of $1.33, up from $1.00 per share for the 13 weeks ended October 29, 2022. Net income for the period rose to $447 million versus $342 million last year. Sales for the 2023 third quarter were $4.9 billion, up from $4.6 billion in the prior year, with a comparable store sales gain of 5%. For the nine months ended October 28, 2023, earnings per share were $3.74 on net earnings of $1.3 billion, versus $3.08 per share on net income of $1.1 billion for the same year-to-date period in 2022. Sales for the first nine months of 2023 were $14.4 billion, with comparable store sales up 4% over the
Ross Stores, Inc. (NASDAQ:ROST) announced today that the Company's Board of Directors declared a regular quarterly cash dividend of $0.335 per common share, payable on December 29, 2023 to stockholders of record as of December 5, 2023. About Ross Stores, Inc. Ross Stores, Inc. is an S&P 500, Fortune 500, and Nasdaq 100 (ROST) company headquartered in Dublin, California, with fiscal 2022 revenues of $18.7 billion. Currently, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,765 locations in 43 states, the District of Columbia, and Guam. Ross offers first-quality, in-season, name brand and designer apparel,