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ROST

Ross Stores Inc

NASDAQ: ROST · CONSUMER CYCLICAL · APPAREL RETAIL

$225.08
-0.20% today

Updated 2026-04-29

Market cap
$73.23B
P/E ratio
34.25
P/S ratio
3.22x
EPS (TTM)
$6.61
Dividend yield
0.71%
52W range
$124 – $230
Volume
2.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Ross Stores Inc (ROST) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$225.08
Consensus
$204.25
-9.25%
2030 Target
$1,165.89
+417.99%
DCF
$183.26
-5.06% MoS
17 analysts:
13 Buy4 Hold1 Sell

Management guidance

Ross Stores management has not provided explicit multi-year revenue targets through 2030. However, CEO James Conroy indicated 'very strong start' for spring 2026 and outlined long-term expansion plans targeting 2,000 Ross Dress for Less locations and 500 DD's Discounts stores (vs. current 2,267 total locations), suggesting continued mid-to-high single-digit comp-store sales growth and low double-digit unit expansion.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,935.82
$31.6B Rev × 20x P/S
Base case (2030)
$1,165.89
$31.6B Rev × 12x P/S
Bear case (2030)
$769.93
$31.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$20.4B$21.1B$22.8B$26.4B$28.1B$29.8B$31.6B
Revenue growth—3.7%7.7%6.2%6.2%6.0%6.0%
EPS$5.56$4.61$6.61$7.97$8.65$9.35$10.10
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$967.91$1,033.91$1,099.90$1,165.89

Catalysts & risks

Growth catalysts
+ Aggressive store expansion: 34 new locations in 2026, targeting 2,000+ Ross locations long-term
+ Strong comp-store sales momentum: 5% comp growth in FY2025, management signals continued strength in spring 2026
+ Off-price retail tailwinds: Market share gains from traditional department stores and malls; treasure-hunt business model resilient in economic cycles
+ Dividend growth and share buybacks: $1.05B in repurchases in FY2025; quarterly dividend increased to $0.445, demonstrating capital return commitment
Key risks
- Margin compression: Net profit margins declined from 9.9% to 9.4% in Q4 2025; freight costs and tariff headwinds could pressure profitability
- Insider selling: CEO James Conroy and CFO William Sheehan II sold $5.7M and $1.06M respectively in recent months, signaling caution despite strong results
- Premium valuation: P/E of 33.3x is elevated vs. apparel retail peers; stock price near 52-week highs limits upside margin of safety
- Macroeconomic sensitivity: Consumer cyclical exposure; potential recession could dampen traffic and comp-store sales growth
- Inventory management risk: Q4 inventory up 7.6% YoY; execution on merchandise mix critical to maintain margins

Methodology

Ross Stores Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.