Ross Stores Stock Reaches New 52-Week High Following Strong Quarterly Results
Ross Stores Stock Hits 52-Week High - Here's Why

Image: Benzinga
Ross Stores, Inc. (NASDAQ:ROST) shares surged to a new 52-week high of $232.29 after reporting a 21% year-over-year sales increase and a 17% rise in comparable-store sales. Analysts attribute this growth to increased consumer traffic and improved product availability, leading to raised earnings estimates for the coming years.
- 01First-quarter sales increased by 21% year over year, with comparable-store sales up 17%.
- 02BTIG analyst Robert Drbul raised the 2026 EPS estimate to $7.70 and the 2027 estimate to $8.40.
- 03Double-digit growth in customer count was observed across various income levels and age groups, particularly among younger consumers.
- 04The stock is rated as a Buy, with an average price target of $248.50 from analysts.
- 05Ross Stores shares rose 6.95% on the publication day, reaching $232.29.
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Ross Stores, Inc. (NASDAQ:ROST) saw its stock price climb to a new 52-week high of $232.29 following the release of robust first-quarter financial results. The company reported a 21% increase in sales compared to the previous year, with comparable-store sales rising 17%. This growth was attributed to broad-based consumer demand and higher store traffic, bolstered by effective marketing strategies and improved product availability. Analyst Robert Drbul from BTIG noted that the increase in customer traffic was notable across various demographics, particularly among younger shoppers. Drbul has raised his earnings per share (EPS) estimates for 2026 to $7.70 and for 2027 to $8.40, anticipating continued sales growth and margin expansion. The overall sentiment on Wall Street remains positive, with the stock holding a Buy rating and an average price target of $248.50 from analysts. Other firms, including Wells Fargo and Truist Securities, have also raised their forecasts for the stock, reflecting confidence in Ross Stores' performance moving forward.
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