Ross Stores, an American apparel retailer, has reported a 3.9% YoY increase in its quarterly revenue, surpassing the $5.14bn estimate by market experts with $5.21bn. The company’s net margin and return on equity stood at 8.09% and 36.40%, respectively. Ross Stores’ Q4 2024 earnings projections have been revised by StockTargetAdvisor’s Research and The Ross Company (NSD:ROST), with $1.40 per share expected to increase from the previous quarter’s earnings of $1.18 per share. The current full-year earnings for Ross Stores are forecasted to come in at $4.91 per share, according to the most recent consensus estimate. Bloomberg data shows that 13 analysts recommend buying the stock, while only three suggest keeping it. Ross Stores is deemed a “Moderate Buy,” with an average price target of $118.59. Several hedge funds and institutional investors have shifted their holdings in the company over recent months. As of February 2023, the company’s market capitalization stands at $35.15bn, while the opening price of NASDAQ ROST is $102.06.
Ross Stores Inc Stock Analysis
Ross Stores Inc’s stock has been analyzed by 13 top analysts, and the average analyst target price for the company over the next 12 months is USD 120.91. These analysts have rated Ross Stores Inc as a Strong Buy on average. However, Stock Target Advisor’s own analysis of the company’s stock is Neutral, based on 5 positive signals and 6 negative signals. The most recent closing price for Ross Stores Inc’s stock was USD 102.06, which is a decrease of -2.03% over the past week, a decrease of -11.78% over the past month, and an increase of +9.35% over the last year.
Company Overview
Ross Stores, Inc. is a retail company and its subsidiaries that operate off-price stores in the District of Columbia and Guam. The stores operate under the brand names Ross Dress for Less and dd’s DISCOUNTS and offer a range of apparel, footwear, accessories, and home fashion products. Ross Dress for Less stores cater primarily to middle-income households and offer products sourced from department and specialty stores. In contrast, dd’s DISCOUNTS stores target households with moderate income and offer products sourced from department and discount stores. The company was founded in 1957, Headquartered in Dublin, California.
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