Ross Stores
Runs two off-price banners for branded apparel, footwear, accessories, and home fashions.
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Profile
Sells branded apparel, footwear, accessories, beauty products, and home fashions through Ross Dress for Less and dd's DISCOUNTS. Revenue comes from a domestic off-price store network supplied by opportunistic buying, with the Ross banner accounting for most sales.
Operates two off-price apparel and home-fashion banners across the United States and its territories. Ross Dress for Less serves mainly middle-income households with branded apparel, footwear, accessories, beauty products, and home merchandise, while dd's DISCOUNTS carries a more moderately priced assortment for lower- to moderate-income households.
Creates value through opportunistic buying across advance-of-season, in-season, and past-season goods, sourcing most merchandise directly from manufacturers and refreshing stores several times each week. Centralized merchandising, purchasing, marketing, and automated distribution support a flexible, self-service store model.
Depends on merchant execution to select recognizable brands, respond to local demand, price inventory, and keep assortments turning. A predominant portion of goods sold is manufactured outside the United States, and the store network relies on distribution centers, regional cross-docks, and contract carriers.
Company facts
Key statistics
Year to date +25.0% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 21, 2026 | Deutsche Bank | Reiterate | Buy | $257 | $294 |
| Aug 21, 2026 | Jefferies | Reiterate | Buy | $205 | $285 |
| Aug 21, 2026 | Evercore ISI | Target | $276 | $290 | |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Equal Weight | $231 | $234 |
| Aug 21, 2026 | Bernstein | Reiterate | Market Perform | $230 | $240 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 20, 2026Q2 FY26 | $1.95 | $2.66 | +36.4% | $6.16B | $6.26B | +1.7% | +4.39% |
| May 21, 2026Q1 FY26 | $1.73 | $2.02 | +16.8% | $5.64B | $6.01B | +6.5% | +8.11% |
| Mar 3, 2026Q4 FY25 | $1.90 | $2.00 | +5.3% | $6.41B | $6.64B | +3.4% | +8.03% |
| Nov 20, 2025Q3 FY25 | $1.42 | $1.58 | +11.3% | $5.42B | $5.60B | +3.4% | +8.41% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.98B | $5.53B | $5.60B | $6.64B | $6.01B | $6.26B | |
| Gross profit | $1.40B | $1.53B | $1.57B | $1.86B | $1.78B | $2.12B | |
| Operating income | $606.5M | $638.3M | $648.5M | $814.1M | $804.0M | $1.10B | |
| Net income | $479.2M | $508.0M | $511.9M | $645.9M | $650.0M | $851.3M | |
| Diluted EPS | $1.47 | $1.56 | $1.58 | $2.00 | $2.02 | $2.66 | |
| Gross margin | 28.2% | 27.6% | 28.0% | 28.0% | 29.6% | 33.8% | |
| Operating margin | 12.2% | 11.5% | 11.6% | 12.3% | 13.4% | 17.6% |
Fiscal years (4-quarter sums)FY21 $18.92B · FY22 $18.70B · FY23 $20.38B · FY24 $21.13B · FY25 $22.75B
Revenue by product · Q1 FY26
Balance sheet, Aug 1, 2026Cash & short-term investments $4.31B · Total debt $4.74B · Total assets $15.98B · Shareholders' equity $6.74B
Dividends
Raised for 31 straight years — most recently to $0.445 from $0.405 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 9, 2026 | Jun 9 | Jun 30 | $0.445 | |
| Mar 13, 2026 | Mar 13 | Mar 31 | $0.445 | raised from $0.405 |
| Dec 9, 2025 | Dec 9 | Dec 31 | $0.405 | |
| Sep 9, 2025 | Sep 9 | Sep 30 | $0.405 | |
| Jun 10, 2025 | Jun 10 | Jun 30 | $0.405 | |
| Mar 18, 2025 | Mar 18 | Mar 31 | $0.405 | raised from $0.3675 |
| Dec 10, 2024 | Dec 10 | Dec 31 | $0.3675 | |
| Sep 10, 2024 | Sep 10 | Sep 30 | $0.3675 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 320.78M · Float 313.81M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 27.90M | 8.70% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 21.04M | 6.56% | 13F | Aug 13, 2026 |
| State Street Corp | 14.64M | 4.56% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 14.52M | 4.53% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 12.32M | 3.84% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Mar 26, 2026 | William W. II Sheehan | officer: EVP, CHIEF FINANCIAL OFFICER | −4,883 | $216.95 |
| Mar 25, 2026 | Karen Sykes | officer: PRESIDENT, CMO DD'S DISCOUNTS | −5,506 | $213.40 |
| Mar 25, 2026 | Michael J. Hartshorn | director, officer: GROUP PRESIDENT, COO | −15,813 | $214.91 |
| Mar 24, 2026 | Michael J. Hartshorn | director, officer: GROUP PRESIDENT, COO | −6,061 | $214.52 |
| Mar 24, 2026 | Karen Fleming | officer: PRES, CMO ROSS DRESS FOR LESS | −7,000 | $212.76 |
Peers
- TJX Companies
Largest global off-price retailer; T.J. Maxx/Marshalls/HomeGoods vs Ross.
- Burlington Stores
Pure-play US off-price challenger; smaller stores and aggressive expansion pace.
- Walmart
Mass-market EDLP giant; primary indirect rival for dd's value shoppers.
- Target
Design-led mass merchandiser; apparel and home fashion at mid-income level.
- Ollie's Bargain Outlet
Closeout hardlines specialist; home goods and vendor sourcing overlap with Ross.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ross Stores | $229.00 | +0.22% | $73.31B | 27.7 | 27.0 | 3.0 | +13.3% |
| TJX Companies | $135.46 | +0.24% | $149.29B | 25.0 | 25.0 | 2.4 | +5.4% |
| Burlington Stores | $273.28 | +0.08% | $17.18B | 24.5 | 22.0 | 1.4 | +10.9% |
| Walmart | $103.07 | −0.03% | $820.40B | 37.2 | 34.5 | 1.1 | +5.9% |
| Target | $163.23 | +0.05% | $74.10B | 16.9 | 17.6 | 0.7 | +5.3% |
| Ollie's Bargain Outlet | $73.78 | +1.88% | $4.38B | 17.9 | 15.9 | 1.6 | +14.3% |
| Median | 24.5 | 22.0 | 1.4 | +5.9% |