--- title: "Weekly Recap | Ross Stores -2.58%, strong Q2 beats and lifts guidance" type: "News" locale: "en" url: "https://longbridge.com/en/news/296670265.md" description: "Ross Stores ended the week down 2.58% at $239.04, underperforming the S&P 500’s 1.43% decline by roughly 1.15 percentage points. The week saw a sharp V-shaped move: the stock fell for four straight sessions from Monday through Thursday, sliding from an open of $244.89 to an intraweek low of $228.05. Selling pressure peaked on Thursday (20 Aug) with volume surging to around 6.3m shares." datetime: "2026-08-22T05:35:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296670265.md) - [en](https://longbridge.com/en/news/296670265.md) - [zh-HK](https://longbridge.com/zh-HK/news/296670265.md) generator: "portal-rs" --- # Weekly Recap | Ross Stores -2.58%, strong Q2 beats and lifts guidance ## The Week Ross Stores ended the week down 2.58% at $239.04, underperforming the S&P 500’s 1.43% decline by roughly 1.15 percentage points. The week saw a sharp V-shaped move: the stock fell for four straight sessions from Monday through Thursday, sliding from an open of $244.89 to an intraweek low of $228.05. Selling pressure peaked on Thursday (20 Aug) with volume surging to around 6.3m shares. Sentiment flipped on Friday (21 Aug) after the company’s Q2 earnings release, sending the stock to an intraday high of $243.86 before settling at $239.04. Average daily volume for the week was around 4.6m shares, roughly 80% above the 60-day median, pointing to elevated activity around the earnings event. ## Key Events The week’s headline was Ross Stores’ fiscal Q2 2026 report, released after Thursday’s close. Revenue climbed 13% year-on-year to $6.27 billion, beating estimates, with comparable-store sales up 10%. Net income jumped 68% and EPS came in at $2.66. Management also raised its full-year profit outlook and declared a third-quarter dividend. On the earnings call, the CEO highlighted that both traffic growth and store expansion are driving the top line, and that the company is gaining market share from competitors. The stock surged over 8% in after-hours trading and premarket on Friday, with night-session quotes also showing gains above 8%. Earlier in the week, sentiment was cautious: put options had been targeted ahead of the report, partly reflecting broader retail weakness after Walmart’s mixed results. ## Analyst Ratings As of 21 Aug 2026, 20 analysts cover Ross Stores: 12 rate it buy, 2 overweight, 5 hold, and 1 underweight; no sell ratings are on the books. The consensus recommendation is buy, with a consensus target price of $269.94, implying about 12.9% upside from the latest close of $239.04. Individual targets range from $176 to $310, a wide spread that signals differing views on the stock’s fair value. Within the apparel retail industry, the stock ranks second out of 36 peers, placing it near the top of the group. ## The Week Ahead On the macro calendar, Tuesday (25 Aug) brings a batch of US housing data: FHFA home-price indices, the Case-Shiller 20-city index, and new-home sales figures. The consumer confidence reading for August is also due the same day. While not directly tied to Ross Stores, these data points will shape the broader consumer-spending narrative and could influence how retail names trade. ## In Short Ross Stores absorbed selling pressure early in the week, but a strong Q2 report and raised guidance triggered a sharp Friday rebound, underscoring the market’s confidence in the off-price model’s resilience. The analyst consensus leans positive, with the average target above spot and the stock ranking well within its industry. At roughly 28.8x trailing earnings, the valuation is not cheap, and whether it can hold will depend on sustained comparable-sales momentum and the consumer backdrop. Next week’s data will offer fresh clues on the latter. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [ROST.US](https://longbridge.com/en/quote/ROST.US.md) ## Related News & Research - [Ross Stores Announces Quarterly Dividend | ROST Stock News](https://longbridge.com/en/news/287125033.md) - [These Analysts Boost Their Forecasts On Ross Stores After Better-Than-Expected Q2 Earnings](https://longbridge.com/en/news/296622763.md) - [Developer turns back on housing to chase data centre rush](https://longbridge.com/en/news/298464700.md) - [OVERSEA CHINESE BANKING Corp Ltd Invests $6.34 Million in Ross Stores, Inc. $ROST](https://longbridge.com/en/news/296598674.md) - [How To Earn $500 A Month From Ross Stores Stock Ahead Of Q2 Earnings](https://longbridge.com/en/news/296487976.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**