Fintel reports that on April 3, 2025, Citigroup upgraded their outlook for Ross Stores (NasdaqGS:ROST) from Neutral to Buy.
Analyst Price Forecast Suggests 21.35% Upside
As of April 2, 2025, the average one-year price target for Ross Stores is $160.62/share. The forecasts range from a low of $128.83 to a high of $197.40. The average price target represents an increase of 21.35% from its latest reported closing price of $132.37 / share.
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The projected annual revenue for Ross Stores is 21,669MM, an increase of 2.55%. The projected annual non-GAAP EPS is 6.58, a decrease of 3.16% from the prior forecast.
What is the Fund Sentiment?
There are 2,142 funds or institutions reporting positions in Ross Stores. This is an increase of 75 owner(s) or 3.63% in the last quarter. Average portfolio weight of all funds dedicated to ROST is 0.36%, an increase of 1.38%. Total shares owned by institutions increased in the last three months by 5.00% to 360,932K shares. 
The put/call ratio of ROST is 1.26, indicating a bearish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 19,638K shares representing 5.95% ownership of the company. In its prior filing, the firm reported owning 14,109K shares , representing an increase of 28.16%. The firm increased its portfolio allocation in ROST by 37.08% over the last quarter.
Price T Rowe Associates holds 19,516K shares representing 5.92% ownership of the company. In its prior filing, the firm reported owning 15,520K shares , representing an increase of 20.47%. The firm increased its portfolio allocation in ROST by 26.54% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,400K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 10,584K shares , representing a decrease of 1.77%. The firm decreased its portfolio allocation in ROST by 2.68% over the last quarter.
Primecap Management holds 10,365K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 10,536K shares , representing a decrease of 1.65%. The firm increased its portfolio allocation in ROST by 4.15% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,981K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 8,737K shares , representing an increase of 2.72%. The firm decreased its portfolio allocation in ROST by 2.26% over the last quarter.
Ross Stores Background Information
(This description is provided by the company.)
Ross Stores, Inc. is an S&P 500, Fortune 500, and NASDAQ 100 (ROST) company headquartered in Dublin, California, with fiscal 2019 revenues of $16.0 billion. As of August 1, 2020, the Company operates Ross Dress for Less® ("Ross"), the largest off-price apparel and home fashion chain in the United States with 1,566 locations in 39 states, the District of Columbia, and Guam. Ross offers first-quality,in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day.
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