Ross Stores Inc. (ROST)
Consumer Discretionary4 articles
Ross Stores Inc. (ROST) overview
Ross Stores is an off-price apparel and home-goods retailer operating Ross Dress for Less. It is a member of the S&P 500 and is classified in the Consumer Discretionary sector — retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Ross Stores Inc. trades on the NasdaqGS under the ticker symbol ROST. As of the most recent market data, the stock was priced around $226.19, down 1.03% on the session, giving Ross Stores Inc. a market capitalization of roughly $72.56B.
Over the past 52 weeks, ROST has traded between $143.39 and $257.00. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 27.4, a common gauge of how richly the market prices the company's earnings. Ross Stores Inc. also pays a dividend, currently yielding around 78.00%.
Key statistics
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Why investors watch ROST
As one of the larger companies in the Consumer Discretionary sector, Ross Stores Inc. is closely followed by investors and often moves with broader trends across retailers, automakers and leisure companies whose sales rise and fall with consumer confidence. Traders watch ROST for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest ROST news
Stock Futures Flat Amid 700 Point Dow Decline and Rising Yields
Stock futures were little changed following a sharp pullback on Wall Street, where the Dow Jones Industrial Average fell 700 points, marking its worst day since July 29. The S&P 500 and Nasdaq Composite decreased by 0.9% and 1%, respectively, with the S&P down 1.9% for the week. Long-dated U.S. Treasury yields resumed climbing, affecting investor sentiment amid inflation concerns. Conversely, Ross Stores (ROST) shares rose over 7% after reporting earnings of $2.06 per share on better-than-expected revenue, highlighting positive corporate performance amidst market volatility.
Read More: Stock Futures Flat Amid 700 Point Dow Decline and Rising Yields
Target (TGT) Earnings Double to $4.11 Amid Strong Revenue and Guidance
Target (TGT) reported earnings of $4.11 per share for the fiscal second quarter, doubling expectations and indicating strong revenue along with positive same-store sales. Despite the robust performance and raised guidance, TGT stock experienced a decline in premarket trading. This earnings report sets the stage ahead of other major retail earnings, including Walmart (WMT) and Ross Stores (ROST), which are also scheduled for this week. The mixed reaction to the earnings may signal uncertainty among investors despite the strong figures, making it crucial for ordinary investors to analyze trends ahead of further retail reports.
Read More: Target (TGT) Earnings Double to $4.11 Amid Strong Revenue and Guidance
S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
European stocks closed down 0.57% on the global tech sell-off, with France's Cac 40 down 0.7% and Germany's DAX losing 0.8%. The tech sector fell by 3.4% while miners declined 3.3%. Ross Stores (ROST) was downgraded to equal weight with a target at $245, reflecting a 3.4% upside from its last close. SpaceX (SPCX) shares fell below $150, bringing its market cap below $2 trillion following a four-day losing streak and a price drop of over 26% from its peak.
Read More: S&P 500 Decline Driven by Tech Sell-Off; Nasdaq Drops Nearly 2%
Ross Stores (ROST) Trading at 29 Times Earnings Estimates
Ross Stores, Inc. (NASDAQ: ROST) is currently trading at 29 times this year’s earnings estimates, an increase from 23 times since Jim Conroy took over. Conroy expressed confidence in the company's ability to improve sales and expand from nearly 2,300 stores to a potential 3,600. While he does not expect the same-store sales growth to continue at 17%, he anticipates solid results that may allow for further investment in marketing and store improvements. Compared to TJX's 31 times earnings, this valuation could seem reasonable given ROST's performance potential.
Read More: Ross Stores (ROST) Trading at 29 Times Earnings EstimatesMore Consumer Discretionary stocks
Frequently asked questions
Is Ross Stores Inc. in the S&P 500?
Yes. Ross Stores Inc. (ROST) is a member of the S&P 500 index, classified in the Consumer Discretionary sector.
What sector is ROST in?
Ross Stores Inc. is classified in the Consumer Discretionary sector of the S&P 500 — retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Where can I find the latest ROST news?
This page collects recent Ross Stores Inc. (ROST) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Ross Stores Inc.'s stock price?
As of the most recent market data, Ross Stores Inc. (ROST) traded at approximately $226.19. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is Ross Stores Inc.'s market cap?
Ross Stores Inc. has a market capitalization of roughly $72.56B, based on its most recent share price and shares outstanding.
What is ROST's P/E ratio?
ROST trades at a trailing price-to-earnings ratio of about 27.4. The P/E ratio compares a company's share price to its earnings per share.