Ross Stores (NASDAQ:ROST) Stock Gets Price Target Reduction from Bank of America

27 Oct 2026, 18:22 by Danessa Lincoln · The Markets Daily

Ross Stores (NASDAQ:ROST – Get Free Report) had its price target cut by equities research analysts at Bank of America from $265.00 to $258.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the apparel retailer’s stock. Bank of America‘s price objective points to a potential upside of 12.51% from the stock’s current price.

ROST has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $294.00 target price on shares of Ross Stores in a report on Friday, August 21st. Sanford C. Bernstein lifted their price target on Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, August 21st. Truist Financial boosted their price objective on shares of Ross Stores from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Wolfe Research initiated coverage on shares of Ross Stores in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $279.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $272.06.

Get Our Latest Stock Report on ROST

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $4.80 during trading on Tuesday, hitting $229.31. 791,982 shares of the stock were exchanged, compared to its average volume of 2,600,434. The company has a fifty day moving average price of $231.73 and a two-hundred day moving average price of $221.03. The company has a market cap of $73.25 billion, a PE ratio of 27.81, a P/E/G ratio of 1.93 and a beta of 0.83. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores has a 12-month low of $157.39 and a 12-month high of $257.00.

Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%. The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the business posted $1.56 EPS. Ross Stores’s quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts forecast that Ross Stores will post 8.15 EPS for the current year.

Insider Buying and Selling at Ross Stores

In other news, insider Stephen Brinkley sold 6,424 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $229.66, for a total value of $1,475,335.84. Following the completion of the transaction, the insider directly owned 51,665 shares of the company’s stock, valued at $11,865,383.90. The trade was a 11.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO James Conroy sold 49,205 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $229.48, for a total value of $11,291,563.40. Following the completion of the transaction, the chief executive officer directly owned 134,349 shares of the company’s stock, valued at approximately $30,830,408.52. This trade represents a 26.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

Hedge funds and other institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its stake in shares of Ross Stores by 8.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 183,942 shares of the apparel retailer’s stock worth $42,932,000 after purchasing an additional 13,901 shares during the period. Latitude Advisors LLC purchased a new stake in shares of Ross Stores in the third quarter valued at $50,000. Balance Wealth Partners LLC acquired a new position in Ross Stores in the third quarter valued at $51,000. Park Avenue Securities LLC increased its stake in Ross Stores by 7.8% in the third quarter. Park Avenue Securities LLC now owns 18,774 shares of the apparel retailer’s stock valued at $4,382,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Verdence Capital Advisors LLC purchased a new position in Ross Stores during the third quarter worth about $388,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Ross Stores

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

Positive Sentiment: UBS upgraded ROST to Buy from Neutral and raised its price target to $315 from $239—the highest on Wall Street. UBS expects Ross to sustain stronger revenue growth than consensus forecasts as it improves store productivity and captures consumers shifting toward discount retailers. UBS Sees More Upside for Ross Stores Stock
Positive Sentiment: UBS estimates approximately 8.5% revenue growth over the next two years, supported by merchandising improvements, stronger foot traffic, branded merchandise, and efforts to close a roughly 20% store-productivity gap with TJX Companies. Wolfe Research also initiated coverage with an Outperform rating. Ross Stores Marketing, Merchandising Push Underappreciated
Positive Sentiment: Recent operating performance supports the bullish case. Ross reported quarterly EPS of $2.66 versus the $1.95 consensus estimate, while revenue increased 13.3% year over year to $6.26 billion. The company also completed a 51-store expansion and maintains a relatively conservative balance sheet, with a debt-to-equity ratio of 0.12.
Neutral Sentiment: Ross’s off-price model may remain defensive if consumers continue trading down from full-price retailers. However, investors will need evidence that higher traffic, inventory productivity, and new stores can translate into sustained earnings growth. Off-Price, High-Yield: Why Ross Stores Is Defying the Retail Slump
Negative Sentiment: Shares trade at nearly 28 times earnings after a strong advance, leaving limited room for execution mistakes or a slowdown in consumer demand. Recent insider selling, including CEO James Conroy’s sale of 49,205 shares, adds caution. Reports on short interest are inconsistent, with one report citing roughly 9.7 million shares and another incorrectly listing zero, so the short-interest signal should be treated carefully.

Ross Stores Company Profile

(Get Free Report)

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.