Ross StoresROST
Market Cap: 47B
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 nearly 350 DD's Discounts chains targeting lower-income shoppers.
Employees: 101,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
58% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 74
12% more funds holding in top 10
Funds holding in top 10: 25 [Q4 2023] → 28 (+3) [Q1 2024]
5% more funds holding
Funds holding: 949 [Q4 2023] → 992 (+43) [Q1 2024]
8% more call options, than puts
Call options by funds: $352M | Put options by funds: $326M
3% more capital invested
Capital invested by funds: $40.4B [Q4 2023] → $41.7B (+$1.36B) [Q1 2024]
2.2% less ownership
Funds ownership: 86.86% [Q4 2023] → 84.66% (-2.2%) [Q1 2024]
12% less repeat investments, than reductions
Existing positions increased: 329 | Existing positions reduced: 372
Research analyst outlook
26 Wall Street Analysts provided 1 year price forecasts over the past 6 months
26 analyst ratings
Telsey Advisory Group Dana Telsey | 14%upside $160 | Market Perform Maintained | 14 Jun 2024 |
Guggenheim Robert Drbul | 21%upside $170 | Buy Maintained | 24 May 2024 |
Barclays Adrienne Yih | 17%upside $165 | Overweight Maintained | 24 May 2024 |
Wells Fargo Ike Boruchow | 14%upside $160 | Overweight Maintained | 24 May 2024 |
UBS Jay Sole | 4%upside $147 | Neutral Maintained | 24 May 2024 |
Financial journalist opinion
Based on 18 articles about ROST published over the past 30 days