Ross Stores rise after upbeat sales forecast on discounted apparel demand

Ross Stores

04/03/2026 10:49

** Shares of discount store operator Ross Stores ROST.O up 6.3% at $210 premarket

** Co forecast annual sales above expectations and reported a Q4 comparable sales and profit beat after market close on Tuesday

** Also announced a new $2.55 billion share buyback program for fiscal 2026 and 2027

** Ross continues to prove its off-price model can continue to capture market share from mainstream department stores, Morningstar analysts say, but see shares being overvalued and forecast as unrealistic, given the competitive retail landscape

** Jefferies analyst noted a "fine print" reinforcing the durability of the off‑price value proposition, believes ROST remains well positioned to gain share and drive steady profit expansion over time; raises PT by $11 to $242

** 13 of 19 brokerages rate the stock "buy" or higher, and 6 "hold"; median PT of $235 - data compiled by LSEG

** Stock rose 19.1% in 2025

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))