On August 22, 2026, analysts at Robert W. Baird reiterated their 'Outperform' rating on Ross Stores (NASDAQ: ROST) and maintained a price target of $160 per share, according to a research note released to investors. The firm highlighted the company's strong value proposition and resilient off-price retail model as key drivers for continued growth.
Ross Stores, which operates over 2,000 locations under the Ross Dress for Less and dd's Discounts banners, has benefited from consumers seeking bargains amid persistent inflation. Baird's analysts noted that the company's ability to offer branded merchandise at discounts of 20% to 60% off department store prices positions it well in the current economic environment.
The positive outlook comes ahead of Ross Stores' second-quarter fiscal 2026 earnings report, scheduled for release after market close on August 27, 2026. Analysts expect the company to report earnings per share of $1.48 on revenue of $5.2 billion, according to consensus estimates from Visible Alpha.
Shares of Ross Stores have gained approximately 12% year-to-date, outperforming the broader retail sector. The company's stock closed at $152.34 on August 21, 2026, reflecting investor confidence in its growth trajectory.
