Transaction details
Karen Sykes, who holds the title President, CMO DD'S DISCOUNTS at ROSS STORES, INC. (NASDAQ:ROST), reported the sale of 5,506 shares of common stock on March 25, 2026, at a price of $213.4006 per share, according to a Form 4 filing with the Securities and Exchange Commission. The proceeds from the sale totalled $1,174,983. After completing the disposition, Sykes continues to directly own 104,648 shares of Ross Stores.
Share price context
The transaction occurred while Ross Stores' stock was trading near its 52-week high of $217.51. Over the past year the share price has risen by 68%, reflecting a strong run for the retailer within that period.
Valuation note
InvestingPro analysis included with the filing indicates that, based on Fair Value metrics, Ross Stores appears overvalued at current price levels. For those seeking expanded research, a Pro Research Report covering Ross Stores is available through InvestingPro, which also provides reports for more than 1,400 other U.S. equities.
Recent operating and financial performance
Ross Stores reported fourth-quarter fiscal 2025 earnings per share of $2.00, exceeding Wall Street's consensus forecast of $1.88. Revenue for the quarter came in at $6.64 billion, topping the projected $6.38 billion. The company also initiated part of its fiscal 2026 expansion by opening 17 new locations in February and March, and it plans to add approximately 110 new stores over the full fiscal 2026 year.
Analyst reactions
Following the quarter and the updated outlook, several analysts adjusted their price targets. UBS raised its target to $208, citing Ross Stores' potential to outperform department store peers with an estimated 6.5% five-year earnings per share growth rate. Bernstein SocGen Group moved its target to $200, noting strong comparable sales performance, with fourth-quarter comps up 9%. Wells Fargo set a $235 price target, pointing to management's guidance for a 7-8% comparable sales increase in the first quarter. These updates collectively signal a constructive analyst outlook on the company's growth trajectory.
Note: This report presents transaction and corporate performance details as reported in regulatory filings and company disclosures.