Ross StoresROST
Market Cap: $50.3B
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 firm 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 Q2 SEC filings by fund managers ($100M+ AUM)
1.26% more ownership
Funds ownership: 86.02% [Q1] → 87.28% (+1.26%) [Q2]
9% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 96
9% more repeat investments, than reductions
Existing positions increased: 387 | Existing positions reduced: 354
1% more funds holding
Funds holding: 1,001 [Q1] → 1,010 (+9) [Q2]
0% less capital invested
Capital invested by funds: $42.4B [Q1] → $42.3B (-$89.9M) [Q2]
32% less funds holding in top 10
Funds holding in top 10: 28 [Q1] → 19 (-9) [Q2]
43% less call options, than puts
Call options by funds: $257M | Put options by funds: $449M
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Telsey Advisory Group Dana Telsey 34% 1-year accuracy 53 / 156 met price target | 16%upside $175 | Market Perform Maintained | 23 Aug 2024 |
Morgan Stanley Alex Straton 63% 1-year accuracy 10 / 16 met price target | 18%upside $178 | Overweight Maintained | 23 Aug 2024 |
Wells Fargo Ike Boruchow 47% 1-year accuracy 16 / 34 met price target | 16%upside $175 | Overweight Maintained | 23 Aug 2024 |
UBS Jay Sole 46% 1-year accuracy 13 / 28 met price target | 11%upside $167 | Neutral Maintained | 23 Aug 2024 |
Barclays Adrienne Yih 35% 1-year accuracy 17 / 48 met price target | 16%upside $175 | Overweight Maintained | 23 Aug 2024 |
Financial journalist opinion
Based on 36 articles about ROST published over the past 30 days