8,793 Shares in Ross Stores, Inc. $ROST Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC initiated a Ross Stores position by purchasing 8,793 shares worth approximately $1.87 million. Institutional investors collectively own 86.86% of the company.
• Ross Stores reported strong quarterly results, with EPS of $2.02 versus the $1.73 consensus estimate and revenue of $6.01 billion, up 20.6% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $240 target price; recent targets range as high as $290. The company also pays a quarterly dividend of $0.445 per share, yielding about 0.7%.

Simplicity Wealth LLC bought a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,793 shares of the apparel retailer's stock, valued at approximately $1,872,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Hilton Head Capital Partners LLC acquired a new position in Ross Stores during the fourth quarter worth $26,000. Bard Associates Inc. acquired a new stake in shares of Ross Stores during the fourth quarter worth about $31,000. Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the fourth quarter worth about $32,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ross Stores in the fourth quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC grew its holdings in shares of Ross Stores by 89.0% in the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Stock Performance

Shares of ROST stock opened at $245.36 on Monday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The company has a market cap of $78.71 billion, a price-to-earnings ratio of 34.27, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The stock has a 50 day simple moving average of $233.68 and a 200-day simple moving average of $220.42.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period last year, the firm earned $1.47 EPS. Ross Stores has set its FY 2026 guidance at 7.500-7.740 EPS and its Q2 2026 guidance at 1.850-1.930 EPS. On average, equities analysts forecast that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores's payout ratio is 24.86%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group reissued a "neutral" rating on shares of Ross Stores in a research report on Wednesday, June 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Ross Stores in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $257.00 target price on shares of Ross Stores in a report on Friday, May 22nd. The Goldman Sachs Group reissued a "buy" rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Truist Financial upped their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and a consensus target price of $240.00.

Ross Stores Profile

Ross Stores, Inc NASDAQ: ROST is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

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