Analyst Consensus ?
ConsensusBuy47 ratings
Bullish3063.8%
Neutral1327.7%
Bearish48.5%
Ross Stores, Inc. · ROST · FY2024 Q4 · Calendar Q1 2025
Ross Stores pairs expansion plans with more cautious FY2025 outlook
The current analysis provides mixed evidence for a resilient-demand thesis: category strength, store expansion and close-out opportunities support growth, while lowered guidance and margin risks argue for caution.
Reported Before market openNASDAQConsumer Cyclical
$71.34B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.65
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $5.95B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.6%
Event window
SPY move
-1.2%
Same window
Abnormal move
+0.6%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-5.0%
Up to 20 sessions
ROSTSPY benchmark
Ask FN2 about ROST FY2024 Q4
Transcript, numbers and history already loaded
What drove ROST's -0.6% move after FY2024 Q4 earnings?What changed in ROST's guidance and outlook in FY2024 Q4?Give me the bull and bear case for ROST after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, the tone shifted from maintained guidance and a confident posture to lowered guidance and a cautious posture. Management added a larger 2025 investment program, store expansion and greater emphasis on branded assortments, while highlighting macro, weather, freight and policy risks.
Guidance delta
Management lowered FY2025 guidance: same-store sales were expected to be flat to down 1%, with EPS below FY2024 levels.
Key takeaways
- FY2024 comparable sales rose 3% and EPS increased 14% year over year, according to the call analysis.
- Management plans roughly 90 new stores and $855 million of capital expenditures in 2025.
- The growth plan rests on branded bargains, close-out opportunities and supply-chain and merchant-process improvements.
Management priorities
- Open roughly 90 new stores, including Ross and DD's locations
- Invest in supply chain, merchant tools and store upgrades
- Improve branded assortment and average unit retail
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$222.41Previous close
$99Low
$200.29Average
$310High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Aug 21, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 21, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 21, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 21, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Aug 21, 2026 |
| Jefferies | Buy | Buy | Maintain | Aug 21, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 21, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Aug 21, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 21, 2026 |
| Baird | Outperform | Outperform | Maintain | Aug 21, 2026 |
| Telsey Advisory Group | Outperform | Outperform | Maintain | Aug 14, 2026 |
| Guggenheim | Buy | Buy | Maintain | Mar 4, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Mar 4, 2026 |
| B of A Securities | Buy | Buy | Maintain | Nov 21, 2025 |
| TD Cowen | Buy | Buy | Maintain | Nov 10, 2025 |
| Loop Capital | Buy | Buy | Maintain | May 23, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Mar 5, 2025 |
| Gordon Haskett | Buy | Accumulate | Maintain | Nov 3, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Mar 1, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 18, 2022 |
| Cowen & Co. | Market Perform | Market Perform | Maintain | Feb 22, 2022 |
| RBC Capital | Outperform | Outperform | Maintain | May 21, 2021 |
| Northcoast Research | Buy | Neutral | Upgrade | May 19, 2021 |
| OTR Global | Positive | Mixed | Upgrade | May 3, 2021 |
| MKM Partners | Buy | Buy | Maintain | Aug 21, 2020 |
| Nomura Instinet | Neutral | Neutral | Maintain | May 22, 2020 |
| Nomura | Neutral | Neutral | Maintain | May 22, 2020 |
| CFRA | Buy | Buy | Maintain | May 22, 2020 |
| DA Davidson | Buy | Neutral | Upgrade | Apr 28, 2020 |
| Odeon Capital | Sell | Sell | Maintain | Jan 24, 2020 |
| Buckingham Research | Neutral | Neutral | Maintain | Aug 20, 2018 |
| Buckingham | Neutral | Neutral | Maintain | Aug 20, 2018 |
| Wedbush | Neutral | Neutral | Maintain | Jun 22, 2018 |
| Susquehanna | Outperform | Positive | Maintain | Feb 10, 2017 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Aug 19, 2016 |
| PiperJaffray | Underweight | Underweight | Maintain | May 11, 2016 |
| Piper Sandler | Underweight | Neutral | Downgrade | May 11, 2016 |
| Wolfe Research | Outperform | Outperform | Maintain | Feb 2, 2016 |
| Cantor Fitzgerald | Hold | Hold | Maintain | Aug 21, 2015 |
| Maxim Group | Hold | Sell | Upgrade | Nov 21, 2014 |
| Canaccord Genuity | Sell | Hold | Downgrade | Nov 14, 2014 |
| Sterne Agee | Neutral | Buy | Downgrade | Jul 16, 2014 |
| ISI Group | Buy | Buy | Maintain | Nov 15, 2012 |
| Bank of America | Buy | Neutral | Upgrade | Aug 20, 2012 |
| Oppenheimer | Outperform | Outperform | Maintain | Aug 16, 2012 |
| Collins Stewart | Buy | Buy | Maintain | Mar 15, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $222.41. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Deutsche Bank | Analyst unavailable | $294 | $240.15 | +32.2% | Aug 21, 2026 |
| Jefferies | Analyst unavailable | $285 | $238.34 | +28.1% | Aug 21, 2026 |
| Evercore ISI | Analyst unavailable | $290 | $238.82 | +30.4% | Aug 21, 2026 |
| Morgan Stanley | Analyst unavailable | $234 | $238.36 | +5.2% | Aug 21, 2026 |
| Bernstein | Aneesha Sherman | $240 | $228.99 | +7.9% | Aug 21, 2026 |
| Truist Financial | Analyst unavailable | $310 | $228.99 | +39.4% | Aug 21, 2026 |
| Robert W. Baird | Analyst unavailable | $270 | $228.99 | +21.4% | Aug 21, 2026 |
| Wells Fargo | Analyst unavailable | $248 | $228.99 | +11.5% | Aug 21, 2026 |
| UBS | Analyst unavailable | $239 | $228.99 | +7.5% | Aug 21, 2026 |
| Macquarie | Analyst unavailable | $290 | $228.99 | +30.4% | Aug 21, 2026 |
| Barclays | Adrienne Yih | $298 | $228.99 | +34.0% | Aug 21, 2026 |
| Evercore ISI | Analyst unavailable | $276 | $245.36 | +24.1% | Aug 17, 2026 |
| Telsey Advisory | Analyst unavailable | $280 | $244.5 | +25.9% | Aug 14, 2026 |
| Morgan Stanley | Analyst unavailable | $231 | $251.06 | +3.9% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $260 | $234.81 | +16.9% | May 26, 2026 |
| Telsey Advisory | Dana Telsey | $265 | $231.38 | +19.1% | May 22, 2026 |
| Truist Financial | Analyst unavailable | $290 | $231.31 | +30.4% | May 22, 2026 |
| Deutsche Bank | Analyst unavailable | $257 | $232.46 | +15.6% | May 22, 2026 |
| UBS | Analyst unavailable | $232 | $230 | +4.3% | May 22, 2026 |
| Goldman Sachs | Analyst unavailable | $270 | $217.19 | +21.4% | May 22, 2026 |
| Bernstein | Aneesha Sherman | $230 | $229.8 | +3.4% | May 22, 2026 |
| Wells Fargo | Analyst unavailable | $245 | $217.19 | +10.2% | May 22, 2026 |
| UBS | Analyst unavailable | $227 | $211.75 | +2.1% | May 18, 2026 |
| Truist Financial | Joseph Civello | $270 | $212.75 | +21.4% | May 18, 2026 |
| Guggenheim | Analyst unavailable | $290 | $226.41 | +30.4% | Apr 27, 2026 |
| UBS | Jay Sole | $208 | $213.29 | -6.5% | Mar 5, 2026 |
| Bernstein | Aneesha Sherman | $200 | $209.99 | -10.1% | Mar 4, 2026 |
| Bernstein | Analyst unavailable | $180 | $201.05 | -19.1% | Feb 23, 2026 |
| UBS | Analyst unavailable | $199 | $196.59 | -10.5% | Feb 17, 2026 |
| Goldman Sachs | Analyst unavailable | $214 | $194.5 | -3.8% | Feb 10, 2026 |
| Deutsche Bank | Analyst unavailable | $221 | $189.56 | -0.6% | Jan 8, 2026 |
| UBS | Jay Sole | $181 | $186.99 | -18.6% | Jan 8, 2026 |
| Bernstein | Analyst unavailable | $170 | $187.38 | -23.6% | Jan 6, 2026 |
| Barclays | Analyst unavailable | $205 | $186.68 | -7.8% | Jan 6, 2026 |
| Robert W. Baird | Mark Altschwager | $200 | $182.4 | -10.1% | Dec 17, 2025 |
| Wells Fargo | Analyst unavailable | $200 | $184.23 | -10.1% | Dec 16, 2025 |
| Guggenheim | Analyst unavailable | $199 | $177.02 | -10.5% | Dec 9, 2025 |
| UBS | Analyst unavailable | $203 | $177.89 | -8.7% | Dec 4, 2025 |
| Jefferies | Corey Tarlowe | $205 | $177.5 | -7.8% | Dec 1, 2025 |
| Robert W. Baird | Analyst unavailable | $182 | $167.5 | -18.2% | Nov 21, 2025 |
| Evercore ISI | Analyst unavailable | $195 | $167.48 | -12.3% | Nov 21, 2025 |
| UBS | Jay Sole | $169 | $160.5 | -24.0% | Nov 21, 2025 |
| Bernstein | Aneesha Sherman | $159 | $160.5 | -28.5% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $183 | $160.5 | -17.7% | Nov 21, 2025 |
| UBS | Analyst unavailable | $163 | $162.02 | -26.7% | Nov 5, 2025 |
| Wells Fargo | Ike Boruchow | $180 | $156.75 | -19.1% | Oct 27, 2025 |
| Telsey Advisory | Analyst unavailable | $160 | $147.25 | -28.1% | Aug 22, 2025 |
| Robert W. Baird | Analyst unavailable | $170 | $147.25 | -23.6% | Aug 22, 2025 |
| Barclays | Analyst unavailable | $164 | $147.25 | -26.3% | Aug 22, 2025 |
| Morgan Stanley | Analyst unavailable | $130 | $138.64 | -41.5% | Mar 5, 2025 |
| Robert W. Baird | Analyst unavailable | $160 | $138.64 | -28.1% | Mar 5, 2025 |
| Barclays | Analyst unavailable | $150 | $138.64 | -32.6% | Mar 5, 2025 |
| Wells Fargo | Ike Boruchow | $165 | $151.74 | -25.8% | Jan 10, 2025 |
| Citigroup | Paul Lejuez | $179 | $154.44 | -19.5% | Sep 20, 2024 |
| Goldman Sachs | Brooke Roach | $185 | $155.21 | -16.8% | Aug 23, 2024 |
| Telsey Advisory | Dana Telsey | $175 | $157.62 | -21.3% | Aug 23, 2024 |
| Loop Capital Markets | Laura Champine | $190 | $155.48 | -14.6% | Aug 23, 2024 |
| BMO Capital | Simeon Siegel | $168 | $155.5 | -24.5% | Aug 23, 2024 |
| Wells Fargo | Ike Boruchow | $175 | $152.52 | -21.3% | Aug 23, 2024 |
| Robert W. Baird | Mark Altschwager | $180 | $155.37 | -19.1% | Aug 23, 2024 |
| UBS | Jay Sole | $167 | $152.52 | -24.9% | Aug 23, 2024 |
| CFRA | Zachary Warring | $138 | $144.03 | -38.0% | May 24, 2024 |
| Guggenheim | Robert Drbul | $170 | $131.86 | -23.6% | May 24, 2024 |
| Barclays | Adrienne Yih | $165 | $131.86 | -25.8% | May 24, 2024 |
| Deutsche Bank | Paul Trussell | $164 | $131.86 | -26.3% | May 24, 2024 |
| Evercore ISI | Michael Binetti | $165 | $131.86 | -25.8% | May 24, 2024 |
| UBS | Jay Sole | $147 | $131.86 | -33.9% | May 24, 2024 |
| BMO Capital | Simeon Siegel | $138 | $149.24 | -38.0% | Mar 5, 2024 |
| UBS | Jay Sole | $142 | $148.03 | -36.2% | Feb 23, 2024 |
| Loop Capital Markets | Simeon Siegel | $127 | $118.72 | -42.9% | Aug 18, 2023 |
| Gordon Haskett Capital Corporation | Chuck Grom | $120 | $115.66 | -46.0% | Aug 17, 2023 |
| Loop Capital Markets | Analyst unavailable | $115 | $104.14 | -48.3% | Mar 22, 2023 |
| Loop Capital Markets | Simeon Siege | $113 | $108.51 | -49.2% | Mar 1, 2023 |
| Barclays | Analyst unavailable | $139 | $118.75 | -37.5% | Jan 13, 2023 |
| Wells Fargo | Analyst unavailable | $135 | $114.93 | -39.3% | Dec 20, 2022 |
| Goldman Sachs | Analyst unavailable | $134 | $115.06 | -39.8% | Dec 12, 2022 |
| Telsey Advisory | Dana Telsey | $120 | $110.07 | -46.0% | Nov 18, 2022 |
| UBS | Analyst unavailable | $108 | $113.09 | -51.4% | Nov 18, 2022 |
| Citigroup | Analyst unavailable | $116 | $111.2 | -47.8% | Nov 18, 2022 |
| Morgan Stanley | Analyst unavailable | $127 | $114.74 | -42.9% | Nov 18, 2022 |
| Wells Fargo | Analyst unavailable | $120 | $97.93 | -46.0% | Nov 18, 2022 |
| Barclays | Analyst unavailable | $98 | $91.01 | -55.9% | Aug 22, 2022 |
| Credit Suisse | Michael Binetti | $99 | $91.01 | -55.5% | Aug 19, 2022 |
| UBS | Analyst unavailable | $92 | $89.86 | -58.6% | Aug 19, 2022 |
| Robert W. Baird | Analyst unavailable | $105 | $92.5 | -52.8% | Aug 19, 2022 |
| Goldman Sachs | Brooke Roach | $102 | $82.3 | -54.1% | Aug 2, 2022 |
| Barclays | Analyst unavailable | $85 | $71.87 | -61.8% | May 23, 2022 |
| Morgan Stanley | Kimberly Greenberger | $129 | $72.13 | -42.0% | May 20, 2022 |
| Robert W. Baird | Analyst unavailable | $90 | $92.7 | -59.5% | May 20, 2022 |
| Loop Capital Markets | Analyst unavailable | $80 | $92.7 | -64.0% | May 20, 2022 |
| Telsey Advisory | Dana Telsey | $80 | $92.7 | -64.0% | May 20, 2022 |
| Morgan Stanley | Analyst unavailable | $139 | $104.08 | -37.5% | Apr 26, 2022 |
| Bernstein | Aneesha Sherman | $125 | $93.33 | -43.8% | Mar 18, 2022 |
| Deutsche Bank | Gabriella Carbone | $122 | $94.66 | -45.1% | Mar 2, 2022 |
| Robert W. Baird | Mark Altschwager | $115 | $89.23 | -48.3% | Mar 1, 2022 |
| UBS | Jay Sole | $100 | $90.32 | -55.0% | Feb 24, 2022 |
| Truist Financial | Beth Reed | $122 | $93.14 | -45.1% | Feb 18, 2022 |
| J.P. Morgan | Matthew Boss | $125 | $91.42 | -43.8% | Feb 17, 2022 |
| Deutsche Bank | Gabriella Carbone | $128 | $95.7 | -42.4% | Feb 16, 2022 |
| Gordon Haskett Capital Corporation | Charles Grom | $106 | $96.23 | -52.3% | Feb 10, 2022 |
| Jefferies | Corey Tarlowe | $131 | $108.42 | -41.1% | Nov 30, 2021 |
| Loop Capital Markets | Laura Champine | $105 | $107.48 | -52.8% | Oct 14, 2021 |
| MKM Partners | Roxanne Meyer | $153 | $121.91 | -31.2% | May 21, 2021 |
Track every rating change on ROST the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationRoss Stores, Inc., through its various subsidiaries, manages a chain of off-price retail establishments focusing on apparel and home goods. These stores operate under two main brand names: Ross Dress for Less and dd's DISCOUNTS. Their product selection primarily includes clothing, accessories, footwear, and household decor. The Ross Dress for Less outlets primarily serve middle-income households, offering merchandise at prices considerably lower than traditional department and specialty stores. Conversely, dd's DISCOUNTS stores cater to moderate-income households, providing products at prices below those typically found in department and discount stores. As of July 5, 2022, the company had approximately 1,950 stores operating across 40 states, the District of Columbia, and Guam. Ross Stores, Inc. was founded in 1957 and is based in Dublin, California.
Historical context
All ROST earningsConsumer Cyclical peers this season
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| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-18T00:03:22.802274+00:00
- Polygon adjusted daily market bars · 2026-10-12T07:00:40.181660+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T07:00:40.177853+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.