Ross Stores (NASDAQ:ROST) Issues Quarterly Earnings Results

Ross Stores (NASDAQ:ROST) released its quarterly earnings data on Tuesday. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14, Zacks reports. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Ross Stores updated its FY 2025 guidance to 5.950-6.550 EPS and its Q1 2025 guidance to 1.330-1.470 EPS.

Ross Stores Price Performance

Shares of NASDAQ ROST traded down $0.84 during trading on Tuesday, hitting $135.97. 4,013,330 shares of the company were exchanged, compared to its average volume of 2,405,167. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores has a 1 year low of $127.53 and a 1 year high of $163.60. The company has a market cap of $44.86 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.13 and a beta of 1.10. The firm’s fifty day moving average price is $146.56 and its 200 day moving average price is $147.78.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ROST shares. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Evercore ISI increased their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research note on Monday, February 24th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Company Profile

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 brand names in the United States. 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 to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.