Ross Stores, Inc. (NASDAQ: ROST) is a major American off-price retail chain headquartered in Dublin, California. Known for offering brand-name clothing, accessories, and home goods at discounted prices, Ross has become a popular destination for budget-conscious shoppers.
Key Takeaways:
- Ross Stores’ stock price is projected to experience steady growth from 2024 to 2050.
- The company’s strong business model and expanding market presence contribute to positive long-term outlook.
- Factors such as economic conditions, retail industry trends, and company performance will influence stock price movements.
- By 2050, Ross Stores’ stock price is projected to reach around $5,300.
Overview of Ross Stores, Inc.
Ross Stores, Inc. was founded in 1982 by Stuart Moldaw and has since grown into one of the largest off-price retail chains in the United States. The company operates under two brands: Ross Dress for Less and dd’s DISCOUNTS. Over the years, Ross Stores has expanded its footprint across the country, offering customers significant savings on a wide range of products.
Ross Stores, Inc. Company Profile
| Country | United States |
| Ticker Symbol | ROST |
| Exchange | NASDAQ |
| Founded | 1982 |
| IPO Date | 1985 |
| Industry | Retail |
| Sector | Consumer Services |
| Employees | 108,000 |
| CEO | Barbara Rentler |
| Market Cap (September 4, 2024) | $50.62 billion |
| Website | rossstores |
Ross Stores, Inc. (ROST) Balance Sheet Analysis
Ross Stores, Inc. (NASDAQ: ROST) has released its balance sheet for the fiscal year ending January 31, 2024, showcasing financial strength and growth. The company reported total assets of $14.3 billion, up 6.6% from the previous year, with total liabilities at $9.4 billion.
Ross Stores’ total equity reached $4.9 billion, marking a significant 13.6% increase from fiscal 2023. The company maintained a stable debt level of $5.7 billion, with $3.3 billion in capital lease obligations.
Working capital stood at $3.2 billion, indicating a healthy short-term financial position. The company’s invested capital was reported at $7.3 billion.
As of January 31, 2024, Ross Stores had 335.2 million shares issued, down from 342.8 million in the previous year, possibly due to share repurchases. Overall, the balance sheet demonstrates financial stability and positive growth trends.
Balance Sheet Data Source: finance.yahoo
Ross Stores, Inc. Stock Price History
Ross Stores, Inc. (NASDAQ: ROST) had its IPO in the year 1985. Ross Stores (ROST) has executed five stock splits since 1997. Splits occurred in 1997, 1999, 2003, 2011, and 2015, each being a 2:1 split. As a result, one share purchased before March 1997 would now equal 32 shares.1
As of September 4, 2024, the price of ROST stock stands at $151.76.
ROST Stock Price Forecast 2024
In 2024, we anticipate Ross Stores’ stock price to show solid growth. The retail sector is expected to continue its recovery from recent economic challenges, and Ross Stores’ off-price model positions it well to capitalize on consumer demand for value.
Ross Stores is likely to benefit from increased foot traffic in physical stores as consumers return to in-person shopping experiences. The company’s focus on providing branded merchandise at discounted prices may attract budget-conscious shoppers in an inflationary environment.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $121.91 | $158.23 | $189.88 |
ROST Stock Price Forecast 2025
As we move into 2025, Ross Stores is likely to benefit from its expanding store network and improved operational efficiencies. We project continued strong growth for this year. We project a growth rate of about 12.8% for the year.
The company’s investment in technology and data analytics may enhance inventory management and customer targeting, potentially leading to improved margins and higher sales per square foot.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $160.07 | $178.48 | $214.18 |
ROST Stock Price Forecast 2026
In 2026, Ross Stores may see accelerated growth as it continues to refine its business strategies and adapt to evolving consumer preferences. The company’s focus on providing value to customers is expected to drive sales and potentially boost investor confidence. We project a growth rate of about 13.2% for the year.
Ross Stores might explore new market segments or product categories, potentially expanding its customer base and increasing revenue streams. The company’s agility in responding to market trends could be a key driver of growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $181.20 | $202.04 | $242.45 |
ROST Stock Price Forecast 2027
We anticipate Ross Stores to maintain its growth momentum in 2027. The company’s strong market position and potential expansion into new geographic areas could contribute to a higher stock price. We project a growth rate of about 12.5% for the year.
The off-price retail model may continue to gain popularity among consumers seeking value, potentially leading to market share gains for Ross Stores. The company’s ability to maintain strong relationships with vendors could ensure a steady supply of desirable merchandise.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $203.85 | $227.29 | $272.75 |
ROST Stock Price Forecast 2028
By 2028, Ross Stores may see significant benefits from its long-term growth strategies. Improved supply chain management and potential technological advancements in retail operations could drive further stock price appreciation. We project a growth rate of about 11.8% for the year.
Ross Stores might leverage artificial intelligence and machine learning to optimize pricing strategies and improve customer experience, potentially leading to increased customer loyalty and higher sales volumes.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $227.90 | $254.11 | $304.93 |
ROST Stock Price Forecast 2029
In 2029, we expect Ross Stores to continue its upward trajectory. The company’s ability to navigate changing market conditions and maintain its value proposition for customers may lead to sustained stock price growth. We project a growth rate of about 13.5% for the year.
The company might explore innovative store formats or omnichannel strategies to better serve evolving consumer preferences, potentially opening up new growth avenues and strengthening its competitive position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $258.67 | $288.41 | $346.09 |
ROST Stock Price Forecast 2030
As we enter the new decade, Ross Stores is projected to maintain strong growth. The company’s established brand and potential international expansion efforts could contribute to a higher stock valuation. We project a growth rate of about 12.2% for the year.
Ross Stores may benefit from increased global brand recognition, potentially paving the way for successful expansion into international markets. The company’s track record of consistent performance could attract long-term investors, supporting stock price growth. As Ross Stores continues to grow, investors may also want to consider the TJX stock price prediction for comparison within the off-price retail sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $290.23 | $323.60 | $388.32 |
ROST Stock Price Forecast 2031
In 2031, Ross Stores may see accelerated growth as it capitalizes on emerging retail trends and potentially expands its e-commerce presence. These factors could drive investor interest and stock price appreciation. We project a growth rate of about 14.5% for the year.
The company might invest in enhancing its online presence and digital capabilities, potentially capturing a larger share of the growing e-commerce market while maintaining its strong physical store network.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $332.31 | $370.52 | $444.62 |
ROST Stock Price Forecast 2032
We anticipate Ross Stores to continue its strong performance in 2032. The company’s ability to maintain its competitive edge in the off-price retail sector may contribute to sustained stock price growth. We project a growth rate of about 13.8% for the year.
Ross Stores could focus on sustainability initiatives, potentially attracting environmentally conscious consumers and investors. The company’s efforts in reducing its carbon footprint and promoting ethical sourcing may enhance its brand value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $378.17 | $421.65 | $505.98 |
ROST Stock Price Forecast 2033
By 2033, Ross Stores may benefit from long-term strategic investments and potential market share gains. These factors could lead to robust stock price appreciation. We project a growth rate of about 12.5% for the year.
The company might leverage advanced analytics to personalize marketing efforts and enhance customer engagement, potentially leading to increased customer lifetime value and higher sales per customer.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $425.44 | $474.36 | $569.23 |
ROST Stock Price Forecast 2034
In 2034, we expect Ross Stores to maintain its growth momentum. The company’s strong brand recognition and potential technological advancements in retail operations may drive further stock price increases. We project a growth rate of about 11.9% for the year.
Ross Stores could explore innovative payment solutions or financial services for customers, potentially creating new revenue streams and enhancing customer loyalty. The company’s adaptability to changing consumer financial behaviors may contribute to its growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $476.07 | $530.81 | $636.97 |
ROST Stock Price Forecast 2035
As Ross Stores continues to evolve and adapt to changing market conditions, we anticipate sustained growth in 2035. The company’s focus on value and potential expansion into new product categories could contribute to stock price appreciation. We project a growth rate of about 13.2% for the year.
The company might invest in augmented reality or virtual reality technologies to enhance the shopping experience, potentially bridging the gap between online and in-store shopping and attracting tech-savvy consumers. While Ross Stores focuses on value and expansion, investors might also be interested in the Constellation Brands stock forecast for insights into another consumer goods sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $538.91 | $600.88 | $721.06 |
ROST Stock Price Forecast 2036
In 2036, Ross Stores may see accelerated growth as it potentially explores new business models and expands its digital presence. These initiatives could drive investor confidence and stock price increases. We project a growth rate of about 14.8% for the year.
Ross Stores could focus on developing private label brands, potentially increasing profit margins and offering unique products to customers. The success of these brands might contribute to higher sales and improved financial performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $618.67 | $689.81 | $827.77 |
ROST Stock Price Forecast 2037
We anticipate Ross Stores to maintain strong growth in 2037. The company’s established market position and potential international expansion efforts may contribute to higher stock valuations. We project a growth rate of about 13.5% for the year.
The company might invest in robotics and automation technologies for its distribution centers, potentially improving operational efficiency and reducing costs. These advancements could lead to improved profitability and investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $702.19 | $782.94 | $939.53 |
ROST Stock Price Forecast 2038
By 2038, Ross Stores may benefit from long-term investments in supply chain optimization and customer experience enhancements. These factors could drive robust stock price appreciation. We project a growth rate of about 12.2% for the year.
Ross Stores could explore strategic partnerships or acquisitions to expand its market reach or enhance its capabilities. Such moves might open up new growth opportunities and strengthen the company’s competitive position in the retail landscape.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $787.86 | $878.46 | $1,054.15 |
ROST Stock Price Forecast 2039
In 2039, we expect Ross Stores to continue its upward trajectory. The company’s ability to adapt to evolving consumer preferences and maintain its value proposition may lead to sustained stock price growth. We project a growth rate of about 14.5% for the year.
The company might leverage artificial intelligence to predict fashion trends and optimize inventory management, potentially reducing markdowns and improving profit margins. These technological advancements could contribute to improved financial performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $902.10 | $1,005.84 | $1,207.01 |
ROST Stock Price Forecast 2040
As we approach 2040, Ross Stores is projected to maintain strong growth. The company’s established brand and potential technological advancements in retail operations could contribute to significant stock price increases. We project a growth rate of about 13.8% for the year.
Ross Stores could focus on expanding its presence in emerging markets, potentially tapping into new customer bases and driving revenue growth. The company’s ability to adapt its business model to different cultural contexts might be a key factor in its international success. As Ross Stores explores international markets, those interested in diversifying their portfolio might also want to look at the Targa Resources stock prediction for exposure to the energy sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,026.59 | $1,144.65 | $1,373.58 |
ROST Stock Price Forecast 2050
Looking ahead to 2050, we anticipate Ross Stores to have solidified its position as a leader in the retail industry. The company’s long-term growth strategies and ability to navigate changing market conditions may contribute to substantial stock price appreciation. We project a growth rate of about 12.5% for the year.
By 2050, Ross Stores might have fully integrated sustainable practices into its operations, potentially becoming a model for eco-friendly retailing. The company’s commitment to environmental and social responsibility could attract socially conscious consumers and investors, driving long-term growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $4,770.00 | $5,300.00 | $6,360.00 |
Conclusion
Our analysis suggests that Ross Stores, Inc. (NASDAQ: ROST) has the potential for significant long-term growth, with the stock price projected to reach approximately $5,300 by 2050. This forecast is based on the company’s strong business model, expanding market presence, and ability to adapt to changing retail landscapes.
From 2024 to 2050, we project a compound annual growth rate (CAGR) of about 12.5%, reflecting the company’s potential for sustained expansion and value creation.
FAQs
1. What is the future of ROST share price?
Based on our projections, the future of Ross Stores (ROST) share price looks positive, with steady growth anticipated from 2024 to 2050. We forecast a compound annual growth rate (CAGR) of about 12.5% during this period. By 2050, we project the stock price could reach approximately $5,300.
2. What is the ROST share prediction for 2030?
According to our forecast, the ROST share price in 2030 is predicted to reach an average of $323.60, with a low estimate of $290.23 and a high estimate of $388.32. This represents a projected growth of 12.2% from the previous year.
3. What is the ROST 10 year outlook?
Looking at the 10-year period from 2024 to 2034, we anticipate continued growth for ROST. By 2034, we project an average share price of $530.81, with a low estimate of $476.07 and a high estimate of $636.97. This represents significant growth from the 2024 starting point of $141.91.
4. Is ROST a buy hold or sell?
We believe ROST could be considered a “buy” or “hold” for long-term investors. The forecast shows steady year-over-year growth, with annual increases ranging from 11.5% to 14.8% through 2040. This consistent growth trajectory suggests potential for long-term value creation.
5. Who are the major competitors of ROST?
The major competitors of Ross Stores, Inc. (NASDAQ: ROST) include:
- The TJX Companies, Inc. (NYSE: TJX) – Operates off-price retail stores including T.J. Maxx, Marshalls, and HomeGoods, offering a wide range of apparel and home goods.
- Burlington Stores, Inc. (NYSE: BURL) – Another major off-price retailer, Burlington offers apparel, footwear, home goods, and other products at discounted prices.
- Nordstrom, Inc. (NYSE: JWN) – While primarily known for its full-price stores, Nordstrom also operates Nordstrom Rack, a chain of off-price retail stores.
- Macy’s, Inc. (NYSE: M) – Owns and operates Macy’s Backstage, an off-price segment offering apparel and home goods at discounted prices.
- Kohl’s Corporation (NYSE: KSS) – A department store chain that offers discounts on a variety of products including apparel, footwear, and home goods.
- Target Corporation (NYSE: TGT) – Although not an off-price retailer, Target competes with Ross Stores through its broad range of discounted products including clothing and home essentials.
- Dollar General Corporation (NYSE: DG) – Competes in the low-cost retail segment, offering discounted products including apparel and home goods.
- Five Below, Inc. (NASDAQ: FIVE) – Targets a younger demographic with its low-priced products, including fashion, accessories, and home decor.
- Big Lots, Inc. (NYSE: BIG) – A discount retailer offering a variety of merchandise including furniture, home decor, and seasonal items.
- Walmart Inc. (NYSE: WMT) – As one of the largest retailers, Walmart offers competitive pricing on a wide range of products, including apparel and home goods, overlapping with Ross’s market.
These competitors operate in similar segments, focusing on providing value to customers through discounted pricing and a variety of product offerings.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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