tradingkey.logo
tradingkey.logo

Ross Stores rise after upbeat sales forecast on discounted apparel demand

ReutersMar 4, 2026 10:49 AM

Shares of discount store operator Ross Stores ROST.O up 6.3% at $210 premarket

Co forecast annual sales above expectations and reported a Q4 comparable sales and profit beat after market close on Tuesday

Also announced a new $2.55 billion share buyback program for fiscal 2026 and 2027

Ross continues to prove its off-price model can continue to capture market share from mainstream department stores, Morningstar analysts say, but see shares being overvalued and forecast as unrealistic, given the competitive retail landscape

Jefferies analyst noted a "fine print" reinforcing the durability of the off‑price value proposition, believes ROST remains well positioned to gain share and drive steady profit expansion over time; raises PT by $11 to $242

13 of 19 brokerages rate the stock "buy" or higher, and 6 "hold"; median PT of $235 - data compiled by LSEG

Stock rose 19.1% in 2025

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Recommended Articles

Tradingkey
KeyAI