Ross Stores Former Chairman Norman Ferber Passes Away
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: PRnewswire
- Leader's Passing: Norman Ferber, former Chairman and CEO of Ross Stores, passed away on January 23, 2026, at the age of 77 due to a brief illness, having played a pivotal role in transforming the company from a six-store chain into a leading off-price retailer.
- Strategic Impact: During his tenure, Ferber held key positions including President, COO, and CEO, and his leadership style and business insights significantly influenced the company's long-term strategy and growth, particularly during his time as Chairman of the Board.
- Community Contribution: In honor of Ferber's deep care for Ross Associates, the company contributed to the Ross Cares Fund to assist community members in navigating difficult times, reflecting his strong commitment to both the company and the communities it serves.
- Honorary Tribute: The Ross Stores Foundation made a donation in Ferber's memory, and the Moldaw-Zaffaroni Clubhouse in East Palo Alto named its main Art and Academic Room after him, recognizing his passion for educational support and community involvement.
Analyst Views on ROST
Wall Street analysts forecast ROST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ROST is 195.29 USD with a low forecast of 142.00 USD and a high forecast of 221.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 188.550
Low
142.00
Averages
195.29
High
221.00
Current: 188.550
Low
142.00
Averages
195.29
High
221.00
About ROST
Ross Stores, Inc. is engaged in operating two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dds DISCOUNTS. Ross is the off-price apparel and home fashion chain in the United States, with approximately 1,831 locations in 43 states, the District of Columbia, and Guam. Ross offers in-season, name brand and designer apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 60% off department and specialty store regular prices every day. Ross target customers are primarily from middle-income households. It also operates approximately 355 dds DISCOUNTS stores in 22 states. dds DISCOUNTS features more moderately-priced in- season, name brand apparel, accessories, footwear, and home fashions for the entire family at savings of 20% to 70% off moderate department and discount store regular prices every day. It operates a total of approximately 2,186 stores.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
