Wells Fargo keeps USD 248.00 target for Ross Stores stock

Published on 10/13/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 6.26 billion on August 1, 2026. Ross Stores stock costs EUR 202.30 on October 13, 2026 during trading.

Analyst target and reporting date

Wells Fargo analyst Ike Boruchow maintained a Hold rating and set a USD 248.00 target on October 6, 2026.
Ross Stores generated USD 6.26 billion in revenue in the second quarter of 2026.
Ross Stores stock costs EUR 202.30 at Lang & Schwarz on October 13, 2026 at 3:42 p.m. CEST.
The next earnings release is scheduled for November 19, 2026.

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Wells Fargo analyst Ike Boruchow maintained a Hold rating and set a USD 248.00 target for Ross Stores on October 6, 2026, according to Markets Insider. The target lies 9.96 percent above the USD 225.53 Nasdaq price quoted at 9:59 a.m. ET on October 13, 2026. Ross Stores was trading at EUR 202.30 at Lang & Schwarz on October 13, 2026 at 3:42 p.m. CEST.

Second-quarter revenue reaches USD 6.26 billion

Ross Stores posted USD 6.26 billion in revenue and adjusted earnings of USD 2.66 per share for the second quarter ending August 1, 2026, according to MarketBeat on October 8, 2026. Revenue increased 13.30 percent from USD 5.53 billion in the year-earlier quarter, while adjusted earnings exceeded the USD 1.95 consensus estimate by USD 0.71.

Stock remains below its yearly high

The Nasdaq-listed stock was quoted at USD 225.53 at 9:59 a.m. ET on October 13, 2026, against a 52-week range of USD 154.17 to USD 257.00. The current level is 12.24 percent below the high, while the market capitalization stood at USD 72.3 billion and the price-to-earnings ratio at 27.29.

Ross Stores operates Ross Dress for Less and dd's DISCOUNTS, selling apparel, footwear, accessories and home goods through off-price stores. Its latest reported quarter therefore gives the analyst target a measurable operating backdrop rather than a standalone valuation signal.

Valuation and November reporting date

Zacks lists November 19, 2026 as Ross Stores' next earnings release date and gives a consensus estimate of USD 1.82 in earnings per share for the quarter ending October 2026. That forecast would represent a 15.19 percent increase from the comparable period, according to the same Zacks calendar.

Comparison with peers

Ross Stores (Nasdaq, USD): P/E 27.29, market capitalization USD 72.3 billion.
The TJX Companies (NYSE, USD): P/E 26.33, market capitalization USD 157.1 billion.
Burlington Stores (NYSE, USD): P/E 23.56, market capitalization USD 16.5 billion.

Price remains the daily anchor

The Lang & Schwarz quote places Ross Stores at EUR 202.30 on October 13, 2026 at 3:42 p.m. CEST. The euro quote is an intraday value; the Nasdaq price and the Lang & Schwarz quote are shown separately because they use different currencies and venues. The further course of trading is shown by the continuously updated real-time quote of Ross Stores stock.