ROST
Ross Stores Inc
NASDAQ: ROST · CONSUMER CYCLICAL · APPAREL RETAIL
$214.55
-1.15% today
Updated 2026-06-05
Market cap
$72.39B
P/E ratio
31.22
P/S ratio
3.05x
EPS (TTM)
$7.17
Dividend yield
0.74%
52W range
$124 – $237
Volume
2.8M
Ross Stores Inc (ROST) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed ROST price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$214.55
Today
Analyst consensus
$204.25
-4.80% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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
ROST · Ross Stores Inc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
ROST financial forecast · Research-backed projections
| Metric | 2026 | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $22.8B | $26.4B | $28.1B | $29.8B | $31.6B |
| Revenue growth | 7.7% | 6.2% | 6.2% | 6.0% | 6.0% |
| Net margin | — | — | — | — | — |
| EPS | $2.02 | $7.97 | $8.65 | $9.35 | $10.10 |
| Diluted shares | — | — | — | — | — |
| Net debt | — | — | — | — | — |
| P/S multiple | — | 1.0x | 1.0x | 1.0x | 1.0x |
| Implied price (base) | — | $967.91 | $1,033.91 | $1,099.90 | $1,165.89 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $31.6B | $31.6B | $31.6B |
| P/S multiple | 1.0x | 1.0x | 3.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because ROST is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
ROST catalysts and 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 2030 stock forecast model
Ross Stores Inc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 17 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for ROST by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 1.0x / bull 3.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.
ROST price target FAQ
How is the Ross Stores Inc 2030 stock forecast calculated?
The ROST 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on ROST stock?
17 analysts cover ROST with an average 12-month price target of $204.25. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.