
Ross Stores (ROST) Stock Forecast & Price Target
Ross Stores (ROST) Analyst Ratings
Bulls say
Ross Stores has demonstrated solid financial performance, reporting a total sales increase of 4.6% to $5.53 billion in Q2, aligning closely with guidance and consensus expectations. The company provided an optimistic sales growth forecast, projecting an increase of 6%-8% year-over-year, surpassing earlier consensus estimates. Furthermore, positive sales trends were observed across various merchandise categories and regions, indicating broad-based strength in consumer demand.
Bears say
The outlook for Ross Stores’s stock appears negative due to a projected decline in earnings per share (EPS), with third-quarter expectations ranging from $1.31 to $1.37, which is lower than last year's EPS of $1.48. Additionally, net interest income is anticipated to decrease significantly to approximately $27 million from $43 million in the previous year, reflecting broader financial challenges. The operating margin is also projected to contract by about 150 basis points, dropping to 10.5%, which is below the consensus estimate, highlighting potential operational weaknesses amidst flat SG&A costs.
This aggregate rating is based on analysts' research of Ross Stores and is not a guaranteed prediction by Public.com or investment advice.
Ross Stores (ROST) Analyst Forecast & Price Prediction
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