Ross Stores, IncNasdaq: ROST
Consumer Discretionary · Apparel Retail
$238.02
+9.59%
Vol: 153K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Ross Stores set to report Q1 2026 earnings after close on May 21, with analysts expecting 12.9% EPS growth and dividend lifted to $0.445Positive▶
Ross Stores is scheduled to release Q1 2026 earnings results today (May 21) at 4:00 p.m. ET with a webcast at 4:15 p.m. ET. Wall Street is expecting EPS of $1.66 (+12.9% YoY) on revenue of $5.54B (+11.2% YoY), with comparable store sales expected to grow 7.9%. On May 20, the Board declared a regular quarterly cash dividend of $0.445 per share (up from $0.41), payable June 30 to holders of record June 9. Recent analyst actions ahead of the print include UBS raising its target to $227 from $208 and JPMorgan lifting to $251 from $248. The off-price retailer continues 2026 expansion with more than a dozen new store openings as discount retail demand holds firm.
May 20Ross Stores reports Q1 2026 earnings May 21 with consensus EPS of $1.68 and ~13% revenue growth expected; UBS, JPMorgan and Truist raised PTs into the print.Positive▶
Ross Stores will release Q1 2026 results on Thursday May 21 at ~4:00 p.m. ET with the consensus calling for $1.68 EPS and revenue growth of about 13.2% YoY, a sharp acceleration from the 2.6% gain in the year-ago quarter. Analysts have grown increasingly bullish ahead of the print, with majority upward revenue revisions in the past 30 days. Going into the report: UBS raised its PT to $227 from $208, JPMorgan to $251 from $248, and Truist initiated coverage at Buy. Shares have rallied to all-time highs, up about 20% over 90 days and 24% YTD with a one-year total shareholder return of 62%. Off-price peers have indicated strong demand as shoppers hunt for deals. Average analyst rating is Buy with a 12-month PT of $241.24.
May 19Truist Securities initiated coverage of Ross Stores with a Buy rating and a $270 price target on May 18, ahead of the off-price retailer's Q1 2026 results due May 21.Positive▶
On May 18, 2026, Truist Securities initiated coverage of Ross Stores at Buy with a $270 price target, sending another bullish signal into the company's Q1 2026 earnings release scheduled for May 21 at 4:00 p.m. ET. The call matters because Ross has already rallied roughly 18% YTD on the back of a recent dividend hike to $0.445/share, a Goldman Sachs upgrade to Buy with a $244 target on May 12, and a Barclays target boost to $221, with the off-price segment continuing to take share as consumers trade down. Management is also accelerating fiscal 2026 expansion plans toward roughly 110 new stores, signaling confidence in unit economics. The bear case is that expectations heading into Q1 print are very high, the stock already trades at a premium multiple, and any softening in same-store sales or guidance could trigger a sharp pullback given the recent run.
May 18Goldman Sachs upgraded Ross Stores to Buy with $244 target after dividend hike and earnings beat, with Q1 2026 results due Thursday May 21.Positive▶
Ross Stores will release Q1 2026 earnings after the close on Thursday, May 21 at ~4:00 PM ET, with a conference call at 4:15 PM ET. Goldman Sachs on May 12 upgraded ROST to Buy with a $244 price target after a prior earnings beat (revenue +12.2% YoY) and a quarterly dividend raise to $0.445 from $0.41. As of May 17, the 16-analyst consensus rating is Buy. The company continues its 2026 expansion, opening 17 new stores and ramping up its broader US footprint, and long-time Executive Chairman Michael Balmuth's retirement in 2026 was noted. Stock traded at $213.27 on May 14, up ~18.4% YTD though the 7-day price has cooled ~5% heading into earnings.
May 15Goldman Sachs upgraded Ross Stores to Buy with $244 PT on May 12 after dividend hike to $0.445 and 12.2% Q4 revenue growth.Positive▶
Goldman Sachs upgraded Ross Stores to Buy with a $244 price target on May 12, 2026, citing the off-price retailer's dividend hike and earnings beat. Ross raised its quarterly dividend to $0.445 per share from $0.41, signaling management confidence in cash generation. Barclays also increased its target price from $205 to $221 with an Overweight rating. The company is scheduled to release Q1 2026 earnings on May 21, 2026. Ross continues its brick-and-mortar expansion plan with the opening of 17 new stores. Shares are up over 45% in the past year amid sustained demand for off-price retail.
May 14Goldman Sachs upgraded Ross Stores to Buy with a $244 price target on May 12 after the off-price retailer raised its dividend and beat estimatesPositive▶
On May 12, 2026, Goldman Sachs upgraded Ross Stores to Buy and raised its price target to $244 from $214, citing a dividend hike to $0.445 per share from $0.41 and a quarterly beat with revenue growth of about 12.2% year over year. Barclays also lifted its target to $221 from $205 with an Overweight rating. Ross is ramping store growth, opening 17 new locations recently with plans for more than 100 additional sites in 2026, betting that resilient discount-retail demand can persist. The company will report Q1 2026 earnings after the close on Thursday, May 21, with the conference call at 4:15 p.m. ET. Shares are up roughly 42% over six months heading into the print, leaving a high bar where any softness in same-store sales or guidance could trigger sharp downside.
May 13Citi raised its Ross Stores price target to $261 ahead of the May 21 Q1 earnings release, joining a wave of bullish analyst moves.Positive▶
Citi analyst Paul Lejuez raised the price target on Ross Stores to $261 from $240 with a Buy rating, following Goldman Sachs lifting its target to $244 after the company recent dividend hike to $0.445/share. Ross plans to release Q1 2026 results on May 21, with momentum supported by 12.2% YoY revenue growth and aggressive store expansion (17 new stores already opened in Feb-March, part of a ~110-store plan for fiscal 2026). The stock trades near $217.67, up about 42% over six months and approaching its 52-week high of $231.16.
May 12Ross Stores falls 5.6% on May 11 on gas-price fears for discretionary spending; Q1 2026 results scheduled for May 21.Negative▶
Ross Stores will release Q1 2026 earnings on Thursday, May 21, 2026 at ~4:00 p.m. ET, followed by a conference call webcast at 4:15 p.m. ET. The stock fell 5.6% on May 11 amid concern that surging gasoline prices, now at their highest level since 2022, will squeeze household budgets and dampen discretionary spending at off-price retailers. Despite the slide, ROST is +22.8% YTD and +58.1% over one year, with the company operating 1,917 Ross stores and 365 dd's DISCOUNTS locations on $22.8B in fiscal 2025 revenue. Valuation is stretched, with the stock trading near 33.7x earnings versus the specialty-retail industry average of ~19.7x. Guggenheim previously raised its price target to $290 from $226 in late April.
May 11Ross Stores set its Q1 2026 earnings release for May 21 and continues an expansion push with 17 new stores opened and more than 100 planned for 2026.Neutral▶
Ross Stores announced it will release Q1 2026 results on Thursday, May 21, 2026 at 4:00 p.m. ET, with a webcast at 4:15 p.m. The retailer is accelerating expansion in 2026, opening 17 new locations recently and planning more than 100 additional sites this year as discount-apparel demand stays resilient. Fiscal 2025 revenue was $22.8B across 1,917 Ross stores and 365 dd's DISCOUNTS locations. Shares are up 22.8% YTD and 58.1% over 1 year, trading near $226.86 as of May 10. Guggenheim raised its target to $290 from $226 in late April. Risk: at ~33.7x earnings versus a peer-group average of 21.6x, valuation is stretched ahead of the May 21 print.
May 8Ross Stores hits all-time high of $230.83 on strong expansion momentum and analyst upgradesPositive▶
Ross Stores stock reached an all-time high of $230.83 on May 7, 2026 as the company accelerates store expansion in 2026 with plans for 110+ additional locations amid strong discount retail demand. For Q1 2026, the company projects comparable store sales growth of 7-8% and EPS of $1.60-$1.67. Erste Group Bank raised FY2028 EPS estimates to $8.17 from $8.14. Guggenheim raised price target to $290 from $226 on April 23. Stock gained 20.16% over 90 days and 24.45% year-to-date. The retailer demonstrated strong near-term momentum with share price of $227.42 and market cap of ~$72.8B. Q1 earnings release is scheduled for May 21, 2026.
May 6Ross Stores opened 17 stores in Feb-Mar 2026; stock up 42.1% in six months on strong sales but facing valuation concerns.Positive▶
Ross Stores announced the grand opening of 17 new stores (13 Ross Dress for Less and 4 dd's DISCOUNTS) in February and March 2026 across 11 states, representing the first wave of fiscal 2026 expansion to add approximately 110 new stores. Q-over-Q revenue of $6.64 billion beat estimates of $6.42 billion (up 12.2% YoY), with recent quarterly dividend increased to $0.445 from $0.41. Shares are up 64.5% over the past year and 42.1% over six months, driven by strong same-store sales and high ROIC, but a DCF analysis suggests overvaluation by 44.4%. Guggenheim raised its price target to $290 from $226 on April 23; next earnings expected May 21.
May 5Ross Stores opens 17 new stores, continues expansion toward 2,900 locations long-termPositive▶
Ross Stores announced 17 new store openings in February-March 2026 (13 Ross Dress for Less, 4 dd's DISCOUNTS). Company executing FY2026 expansion plan to add approximately 110 new stores total (85 Ross, 25 dd's) for 5% unit growth. Stock demonstrated 42.1% gain over 6 months driven by strong same-store sales and high ROIC. Current stock $227.79 with consensus "Moderate Buy" rating and $212.06 price target. Management confident in long-term path to 2,900 Ross and 700 dd's locations.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| TJXTJX | $166.22 | +5.56% | +4.8% | 27.6x | — | $174.1B |
| ROSTROSS | $238.02 | +9.59% | +2.9% | 26.5x | 0.88 | $70.2B |
| AMZNAMAZON.COM | $246.44 | -8.20% | +1.4% | 27.3x | 1.47 | $2.89T |
| TSLATESLA | $411.15 | -1.60% | +1.9% | 166.5x | 1.79 | $1.57T |
| HDHOME | $333.04 | +6.14% | +4.7% | 19.5x | 1.00 | $312.5B |
| MCDMCDONALD | $287.80 | +1.27% | +0.6% | 20.0x | 0.44 | $201.9B |
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Price above both MAs — bullish structure.