$ROST

Argus lowered its price target for Ross Stores (ROST) to $247.00, citing the company's performance as an off-price apparel and accessories retailer. The current earnings estimate stands at $225.53. This adjustment may impact investor sentiment and trading activity for Ross Stores.

Ross Stores, Inc. (ROST) filed an SEC Form 3 Initial Statement of Beneficial Ownership. The filing, dated 10/01/2026, indicates that the reporting person, a director, does not beneficially own any securities of the company. The filing was signed by Ken Jew on behalf of Christian B. Johnson.

Major U.S. retailers like Walmart, Costco, and Target face rising fuel, freight, and supplier costs, impacting margins. Walmart expects $2B in extra fuel costs. Ross Stores and TJX anticipate freight pressures. Costco reports low single-digit inflation. Best Buy sees higher computing prices. Retailers are using cost savings and tariff refunds to limit price increases, with varied strategies to absorb costs and maintain growth.

William Blair updated its October Analyst Conviction List, adding 12 stocks including Casey’s General Stores (CASY) and Remitly Global (RELY), and removing six. Remitly reported Q2 2026 earnings of $0.93 per share, beating estimates, with revenue up 20% YoY. Analysts raised price targets for RELY to $30 and $31, citing strong performance and guidance.

Ross Stores reported Q2 sales of $6.26B, up 13%, with comparable-store sales up 10%. Net income rose to $851M from $508M. The company raised its full-year earnings forecast to $8.61-$8.77 per share, including a $0.60 tariff refund. Ross opened 47 stores and plans to open about 115 by 2026. Armistice Capital is among its institutional investors.

Madison Investments reduced its stake in Ross Stores (ROST) in Q2 2026, citing extended valuation and position size despite strong business performance. The fund's Class Y returned 8.58% in the quarter, underperforming the Russell Midcap's 13.83% return. Ross Stores' stock was $232.51 at quarter-end, up 55.60% over the past year, with a market cap of $74.28 billion. The fund noted that Ross Stores posted strong same-store sales but lagged in a risk-on market rally.

US off-price retailers Burlington, Ross Stores, and TJX Companies reported strong sales and earnings growth in 2024 and 2025, driven by value-focused shoppers. Burlington's net sales rose 9% to $10.6B in 2024, with net income up to $503.6M. Ross Stores saw 2024 sales reach $21.1B, with net earnings of $2.1B. TJX reported $54.2B in 2024 net sales and $4.5B in net income.

Ross Stores CEO James Conroy sold 27% of his holding, totaling $11M at $229 per share. This was the largest insider sale in the past year. Insiders own 2.2% of the company, worth $1.6B. The company is profitable and growing, but recent sales raise some concerns.

Ross Dress for Less plans to open two more stores on Long Island, in Levittown and Holbrook, according to the company. The retailer's expansion is driven by strong sales growth, with Q2 2026 sales up 13% to $6.3B. Ross operates 1,952 stores and aims to open 115 more this year, targeting bargain-seeking customers.

Ross Stores Inc (ROST) announced board changes, adding Shelley Bransten and Christian Johnson while Sharon Garrett retires. The stock is deemed 25.4% overvalued by GF Value™ at $229.48 vs. $183.02 intrinsic value. ROST has a GF Score™ of 90, indicating strong financial health, with insider sales of $30.2M and mixed guru activity.