Ross Stores Inc stock hits all-time high at 178.19 USD

Ross Stores Inc stock has reached an all-time high, hitting a price of 178.19 USD. This milestone reflects a significant achievement for the company, marking its highest trading level ever. With a market capitalization of approximately $57.7 billion, Ross Stores trades at a P/E ratio of 27.75, which InvestingPro analysis suggests is relatively high compared to its near-term earnings growth potential. Over the past year, Ross Stores Inc has seen a commendable increase in its stock value, with a 1-year change of 15.06%. This upward trend highlights the company’s strong performance and investor confidence, as it continues to navigate the retail market successfully. The stock’s ascent to this record level underscores the company’s resilience and growth potential in a competitive industry. InvestingPro data reveals the company maintains an impressive "GREAT" financial health score of 3.13, with particularly strong ratings in profit and price momentum metrics. Ross has maintained dividend payments for 32 consecutive years, with a current yield of 0.91%. However, technical indicators suggest the stock may be in overbought territory, and its current price exceeds InvestingPro’s calculated Fair Value. Investors can access 16 additional ProTips and comprehensive research reports on Ross Stores through InvestingPro.

In other recent news, Ross Stores reported a strong third-quarter performance, with earnings per share reaching $1.58. This figure surpassed analyst estimates from BofA Securities and Evercore ISI, which projected $1.36 and $1.44, respectively, and exceeded the consensus expectation of $1.40. The company’s comparable store sales increased by 7%, reflecting an improvement from earlier in the year. BofA Securities raised its price target for Ross Stores to $200, citing strong sales and improved product assortment. Evercore ISI also increased its price target to $195, highlighting the retailer’s better-than-expected profit flow-through. Bernstein SocGen Group noted Ross Stores’ appeal to younger consumers, raising its price target to $159 while maintaining a Market Perform rating. UBS also adjusted its price target to $169, maintaining a Neutral rating, based on the retailer’s potential to outperform department store competitors. Additionally, Ross Stores announced a board chair succession plan, with K. Gunnar Bjorklund set to succeed Michael Balmuth as Chairman of the Board in February 2026.

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