Ross Stores (ROST)

• Market cap: $50.1B
• 1 day: -0.66%
• 5 days: 2.34%
• 1 month: -2.82%
• 3 months: 0.96%
• 6 months: 4.62%
• Year to date: 10.36%
• 1 year: 10.36%
• 5 years: 30.43%
• 10 years: 223.50%
• 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

1% more capital invested

Capital invested by funds: $44.7B [Q2] → $45.2B (+$516M) [Q3]

1.5% less ownership

Funds ownership: 92.17% [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

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

• Low target: $152 0% upside
• Avg. target: $172 13% upside
• High target: $180 18% upside

7 analyst ratings

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

Guggenheim Robert Drbul 64% 1-year accuracy 21 / 33 met price target	18% upside $180	Buy Reiterated	22 Nov 2024
JP Morgan Matthew Boss 55% 1-year accuracy 34 / 62 met price target	14% upside $173	Overweight Maintained	22 Nov 2024
Evercore ISI Group Michael Binetti 64% 1-year accuracy 30 / 47 met price target	18% upside $180	Outperform Maintained	22 Nov 2024
Telsey Advisory Group Dana Telsey 68% 1-year accuracy 129 / 189 met price target	15% upside $175	Market Perform Maintained	22 Nov 2024
TD Cowen John Kernan 82% 1-year accuracy 46 / 56 met price target	16% upside $177	Buy Maintained	19 Nov 2024