Ross Stores rises on upbeat profit forecast

Ross Stores

21/08/2026 09:17

** Shares of value retailer Ross Stores ROST.O up 8.6% at $249 premarket
** Co raises annual EPS forecast to a range of $8.61 to $8.77, up from $7.50 to $7.74, after beating Q2 revenue and adjusted profit estimates
** ROST sees Q3 and Q4 comparable sales growth above analysts' expectations
** "We believe the most important takeaway from Q2 earnings was not simply the convincing beat, but growing evidence that ROST is pulling away from the pack" - Barclays
** At least nine brokerages raise PTs following results - LSEG-compiled data
** ROST recently traded at 27 times expected earnings, above its five-year avg of 22, suggesting the stock might be overvalued, per LSEG-compiled data
** Average rating of 21 analysts is "buy"; their median PT is $270 - LSEG-compiled data
** Stock has gained about 27.1% YTD, outpacing the 12.2% rise in the Nasdaq .IXIC

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))