Ross Stores Stock: Is Wall Street Bullish or Bearish?

With a market cap of 47.86 billion, Ross Stores Inc. (ROST) is the largest off-price retailer in the U.S. Headquartered in Dublin, California, the company’s stores provide a wide selection of name-brand and designer apparel, footwear, accessories, and home fashions at discounted prices. Operating under the brand names "Ross Dress for Less" and "dd's DISCOUNTS," the company attracts a broad customer base looking for high-quality products at affordable prices.

Ross Stores stock has outperformed the broader market over the last year. The stock has gained 40.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 28.9%. But, in 2024, ROST’s shares have risen only 2.7%, underperforming SPX’s 11.2% returns on a YTD basis.