Ross Stores shares reflect Wells Fargo downgrade, analysts stay split

Ross Stores (US7782961038) draws fresh analyst attention after Wells Fargo cut its view to Equal Weight on June 23. Barclays had lifted its target to 260 dollars in May after stronger comparable sales.

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-28, 08:14.

Ross Stores (US7782961038) sits in the NASDAQ retail lane after Wells Fargo downgraded the shares to Equal Weight on June 23. Yahoo Finance and other market feeds carried the note, while Zacks highlighted the company’s recent first-quarter beat and the still-bullish analyst backdrop.

Wells Fargo turns cautious

Wells Fargo cut Ross Stores to Equal Weight from Overweight and kept the price target at 245 dollars, according to the June 23 note echoed by Yahoo Finance. The same report said the downgrade centered on valuation, tougher comparisons and higher inventory levels.

Barclays took the opposite side on May 26. The bank raised its price recommendation to 260 dollars from 242 dollars and reiterated Overweight after Ross delivered 17 percent comparable sales growth, according to the Yahoo Finance summary of the research note.

The analyst split

That split gives the stock a clear consensus anchor on NASDAQ in late June. Zacks described Ross as a Strong Buy name and said the company’s first-quarter adjusted earnings of 2.02 dollars per share beat the consensus estimate of 1.70 dollars by 18.9 percent.

The same Zacks piece also said revenue rose 21 percent year over year to 6.01 billion dollars. That keeps the current debate centered on execution, valuation and how much of the 2026 outlook is already priced in.

What Ross sells

Ross Stores runs an off-price model under the Ross Dress for Less and dd’s DISCOUNTS banners. The chain buys branded apparel, footwear, home goods and accessories at a discount and sells them through large-format stores across the US.

NASDAQ price check

The Ross Stores shares (US7782961038) trade on NASDAQ at 213.26 dollars as of 2026-06-26, 16:00 Eastern time.

Key data on Ross Stores shares

• Company: Ross Stores, Inc.
• ISIN: US7782961038
• Ticker: ROST
• Trading venue: NASDAQ
• Price (as of 2026-06-26, 16:00): 213.26 USD
• Sector / industry: Consumer Discretionary / Apparel Retail
• Index membership: NASDAQ

Disclaimer: This article is for information only and does not constitute investment advice.