Ross Stores (ROST)

• Market cap: $49.2B
• 1 day: 0.92%
• 5 days: -3.13%
• 1 month: 7.06%
• 3 months: -3.34%
• 6 months: 1.21%
• Year to date: 8.33%
• 1 year: 10.80%
• 5 years: 29.44%
• 10 years: 220.20%
• 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 company 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)

12% more first-time investments, than exits

New positions opened: 105 | Existing positions closed: 94

1% more funds holding

Funds holding: 1,016 [Q2] → 1,027 (+11) [Q3]

7% more repeat investments, than reductions

Existing positions increased: 389 | Existing positions reduced: 362

0% less capital invested

Capital invested by funds: $43.2B [Q2] → $43.1B (-$130M) [Q3]

2.7% less ownership

Funds ownership: 89.13% [Q2] → 86.43% (-2.7%) [Q3]

11% less funds holding in top 10

Funds holding in top 10: 19 [Q2] → 17 (-2) [Q3]

24% less call options, than puts

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

Research analyst outlook

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

• Low target: $152 2% upside
• Avg. target: $172 15% upside
• High target: $180 21% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Guggenheim Robert Drbul 55% 1-year accuracy 18 / 33 met price target	21% upside $180	Buy Reiterated	22 Nov 2024
JP Morgan Matthew Boss 50% 1-year accuracy 32 / 64 met price target	16% upside $173	Overweight Maintained	22 Nov 2024
Evercore ISI Group Michael Binetti 66% 1-year accuracy 31 / 47 met price target	21% upside $180	Outperform Maintained	22 Nov 2024
Telsey Advisory Group Dana Telsey 67% 1-year accuracy 126 / 189 met price target	17% upside $175	Market Perform Maintained	22 Nov 2024
TD Cowen John Kernan 80% 1-year accuracy 45 / 56 met price target	19% upside $177	Buy Maintained	19 Nov 2024