Ross Stores (ROST)

• Market cap: $46.7B
• 1 day: -1.15%
• 5 days: -2.30%
• 1 month: -3.80%
• 3 months: -4.81%
• 6 months: 5.78%
• Year to date: 2.19%
• 1 year: 13.49%
• 5 years: 24.10%
• 10 years: 245.93%
• Sector: Consumer Discretionary
• Industry: Family Clothing Stores

About: Ross Stores operates as an off-price apparel and accessories retailer with the majority of its sales derived from its Ross Dress for Less banner. The firm opportunistically procures excess brand-name merchandise made available via manufacturing overruns and retail liquidation sales at a 20%-60% discount to full prices. As such, its stores are often filled with a vast array of stock-keeping units, each with minimal product depth that creates a treasure hunt shopping experience. The firm's more than 1,750 Ross Dress for Less stores are primarily located in densely populated suburban communities and typically serve middle-income consumers. Ross also operates about 350 DD's Discounts chains targeting lower-income shoppers.

Employees: 101,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

6% more repeat investments, than reductions

Existing positions increased: 381 | Existing positions reduced: 358

0% less funds holding

Funds holding: 1,014 [Q2] → 1,012 (-2) [Q3]

0% less capital invested

Capital invested by funds: $43.2B [Q2] → $43B (-$213M) [Q3]

2% less first-time investments, than exits

New positions opened: 105 | Existing positions closed: 107

2.87% less ownership

Funds ownership: 89.13% [Q2] → 86.26% (-2.87%) [Q3]

5% less funds holding in top 10

Funds holding in top 10: 19 [Q2] → 18 (-1) [Q3]

24% less call options, than puts

Call options by funds: $357M | Put options by funds: $471M

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $152 8% upside
• Avg. target: $175 24% upside
• High target: $190 35% upside

12 analyst ratings

• positive: 8 67%
• neutral: 4 33%
• negative: 0 0%

Wells Fargo Ike Boruchow 55% 1-year accuracy 24 / 44 met price target	17% upside $165	Overweight Maintained	14 Nov 2024
Citigroup Paul Lejuez 56% 1-year accuracy 20 / 36 met price target	8% upside $152	Neutral Downgraded	12 Nov 2024
Telsey Advisory Group Dana Telsey 53% 1-year accuracy 94 / 177 met price target	24% upside $175	Market Perform Maintained	29 Oct 2024
Telsey Advisory Group Dana Telsey 53% 1-year accuracy 94 / 177 met price target	24% upside $175	Market Perform Maintained	23 Aug 2024
Morgan Stanley Alex Straton 62% 1-year accuracy 16 / 26 met price target	27% upside $178	Overweight Maintained	23 Aug 2024