Ross Stores climbs after beating profit forecasts

Ross Stores

22/08/2025 12:23

** Shares of discount store operator Ross Stores ROST.O rise nearly 2.4% to $149.10 premarket

** Co on Thursday topped quarterly profit estimates and reinstated its annual earnings forecast, betting on demand for discounted apparel and accessories as tariffs raise retail prices during the holiday season

** J.P.Morgan raises PT by $4 to $160, maintaining an "overweight" stance on the stock

** "We were pleased to see the improved trend at the end of the quarter, particularly with the early sales performance related to the back-to-school selling
season," said JPM

** Barclays also raises PT to $164 from $156; stays "overweight", citing off-price stores are a safe bet, especially when shoppers are looking for good deals

** Average rating of 19 analysts is "buy"; median PT is $162 - data compiled by LSEG

** As of last close, ROST is down nearly 4% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))