# Ross Stores, Inc. (ROST)

> Source: Nexqual · https://nexqual.com/ROST · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Ross Stores, Inc. (ROST), nexqual.com/ROST" · informational, not investment advice.

**Price:** USD 236.67 (+1.06% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 234.18 · day 233.69–236.99 · 52w 154.87–257 · market cap $75.9B · NMS

## Key facts
- Last four reported quarters (through Aug 1, 2026): revenue $24.5B, net income $2.66B (10.8% margin), free cash flow $2.79B (SEC filings).
- Valuation: P/E 28.6x (avg 25.8x at the last 3 fiscal year-ends), EV/EBITDA 18.6x, net cash $3.27B.
- 2 of 80 tracked superinvestors hold ROST (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $12.8M; 2 not under a Rule 10b5-1 plan ($12.8M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.30 on a 1–5 scale) (20 analysts), mean target USD 268 (range 187–310).
- Total return with dividends: 1Y +52.3% vs S&P 500 +14.9%; 5Y +126.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-19, EPS estimate USD 1.83, revenue estimate $6.20B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $18.9B | $18.7B | $20.4B | $21.1B | $22.8B | $24.5B |
| Gross profit | $5.21B | $4.75B | $5.58B | $5.87B | $6.30B | — |
| Operating income | — | $1.99B | $2.31B | $2.59B | $2.71B | $3.37B |
| Net income | $1.72B | $1.51B | $1.87B | $2.09B | $2.15B | $2.66B |
| EPS (diluted) | $4.87 | $4.38 | $5.56 | $6.32 | $6.61 | — |
| Free cash flow | $1.18B | $1.04B | $1.75B | $1.64B | $2.21B | $2.79B |
| Gross margin | 27.5% | 25.4% | 27.4% | 27.8% | 27.7% | — |
| Operating margin | — | 10.6% | 11.3% | 12.2% | 11.9% | 13.7% |
| Net margin | 9.1% | 8.1% | 9.2% | 9.9% | 9.4% | 10.8% |
| Revenue growth | +50.9% | -1.2% | +9.0% | +3.7% | +7.7% | — |
| Cash + short-term investments | $4.92B | $4.55B | $4.87B | $4.73B | $4.59B | — |
| Total debt | $2.45B | $2.46B | $2.46B | $2.21B | $1.52B | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Aug 1, 2026)
P/E 28.6x · P/S 3.1x · EV/EBITDA 18.6x · EV/Sales 3.0x · P/FCF 27.2x · P/B 11.3x · FCF yield 3.68% · Earnings yield 3.50% · Dividend yield (paid, TTM) 0.72% · Buyback yield (TTM) 1.53% · Net cash $3.27B · EV $72.6B
P/E at fiscal year-ends: Jan 2026 28.5x, Feb 2025 22.2x, Feb 2024 26.8x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold ROST. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Jensen Investment Management |  | 0.09% | $3.6M | Reduced -23.4% |
| First Eagle Investment | First Eagle Investment Management | 0.01% | $3.6M | Added +3.8% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Conroy James Grant | CHIEF EXECUTIVE OFFICER | 49,205 | $11.3M | 26.8% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-14 | Brinkley Stephen C | PRESIDENT, OPERATIONS | 6,424 | $1.5M | 11.1% | No | Too little history (no open-market trades in 2023 or 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.30 on a 1–5 scale), 20 analysts; mean target USD 268 (low 187, high 310).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Wolfe Research | Initiated | Outperform | $279 |
| 2026-08-21 | Citigroup | Target raised | Buy | $270 → $290 |
| 2026-08-21 | Jefferies | Target raised | Buy | $265 → $285 |
| 2026-08-21 | Truist Securities | Target raised | Buy | $290 → $310 |
| 2026-08-21 | Morgan Stanley | Target raised | Equal-Weight | $231 → $234 |
| 2026-08-21 | JP Morgan | Target raised | Overweight | $262 → $272 |
| 2026-08-21 | UBS | Target raised | Neutral | $232 → $239 |
| 2026-08-21 | Barclays | Target raised | Overweight | $260 → $298 |
| 2026-08-21 | Wells Fargo | Target raised | Equal-Weight | $245 → $248 |
| 2026-08-21 | Bernstein | Target raised | Market Perform | $230 → $240 |
| 2026-08-21 | Evercore ISI Group | Target raised | Outperform | $276 → $290 |
| 2026-08-21 | Baird | Target raised | Outperform | $250 → $270 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +52.3% | +126.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +52.5% | +17.7% |
| Volatility (annualized) | 25.9% | 29.4% |
| Max drawdown | -13.0% (Jun 2026→Jun 2026) | -39.8% (Nov 2021→Jun 2022) |

## Peers (Apparel Retail)
TJX (TJX Companies, Inc. (The)) USD 147.38 +1.28% · BURL (Burlington Stores, Inc.) USD 252.62 +1.81% · LULU (lululemon athletica inc.) USD 104.06 +7.80% · GAP (Gap, Inc. (The)) USD 22.91 +0.97% · URBN (Urban Outfitters, Inc.) USD 88.29 +1.53% · VSXY (Victorias Secret & Co.) USD 88.42 -0.82%

## More
Full page: https://nexqual.com/ROST · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ROST's own 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/745732/000074573226000006/rost-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Stores | "•Stores: Making meaningful improvements to the in-store shopping experience for our customers." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $1.83 | $1.73 | +5.9% | $6.20B | 11 |
| Next quarter (ends 2027-01-31) | $2.25 | $2.12 | +6.0% | $7.21B | 10 |
| Current fiscal year (ends 2027-01-31) | $8.72 | $7.80 | +11.8% | $25.70B | 11 |
| Next fiscal year (ends 2028-01-31) | $8.93 | $8.58 | +4.2% | $27.44B | 12 |