Ross StoresROST
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)
31% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 80
1% more funds holding
Funds holding: 1,017 [Q2] → 1,029 (+12) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 389 | Existing positions reduced: 362
1% more capital invested
Capital invested by funds: $44.7B [Q2] → $45.2B (+$519M) [Q3]
1.5% less ownership
Funds ownership: 92.18% [Q2] → 90.68% (-1.5%) [Q3]
11% less funds holding in top 10
Funds holding in top 10: 19 [Q2] → 17 (-2) [Q3]
25% less call options, than puts
Call options by funds: $365M | Put options by funds: $484M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley Alex Straton 75% 1-year accuracy 24 / 32 met price target | 5%downside $140 | Equal-Weight Downgraded | 21 Jan 2025 |
Wells Fargo Ike Boruchow 64% 1-year accuracy 30 / 47 met price target | 12%upside $165 | Equal-Weight Downgraded | 10 Jan 2025 |
Bernstein Aneesha Sherman 50% 1-year accuracy 2 / 4 met price target | 12%upside $165 | Market Perform Downgraded | 7 Jan 2025 |
Guggenheim Robert Drbul 58% 1-year accuracy 22 / 38 met price target | 22%upside $180 | Buy Reiterated | 22 Nov 2024 |
JP Morgan Matthew Boss 64% 1-year accuracy 47 / 73 met price target | 17%upside $173 | Overweight Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 11 articles about ROST published over the past 30 days
