Is Ross Stores (ROST) One of Billionaire Steven Cohen’s Top 11 Dividend Stock Picks?

Ross Stores, Inc. (NASDAQ:ROST) is included among Billionaire Steven Cohen’s Top 11 Dividend Stock Picks.

Is Ross Stores (ROST) One of Billionaire Steven Cohen’s Top 11 Dividend Stock Picks?

On June 23, Wells Fargo downgraded Ross Stores, Inc. (NASDAQ:ROST) to Equal Weight from Overweight. It kept its price target unchanged at $245. The firm said the downgrade was based on valuation following the stock’s strong re-rating. The analyst noted that Ross’ execution “has been essentially flawless,” but believes risks tied to its lower-income customer base, tougher year-over-year comparisons, and rising inventory levels justify a more cautious stance. Wells Fargo added that the “easy money” in the stock has already been made.

Earlier, on May 26, Barclays raised its price recommendation on ROST to $260 from $242. It reiterated an Overweight rating on the shares. The firm said the company’s first-quarter comparable sales growth of 17% comfortably exceeded the consensus estimate of 8.6%. The analyst added that Ross’ “compelling” merchandise assortment and marketing efforts helped attract new customers, while its higher fiscal 2026 outlook still appears conservative.

Ross Stores, Inc. (NASDAQ:ROST) operates two off-price retail chains: Ross Dress for Less and dd’s DISCOUNTS. The company sells apparel and home fashion products through both brands.

While we acknowledge the risk and potential of ROST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ROST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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