Allworth Financial LP acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,721 shares of the apparel retailer's stock, valued at approximately $1,431,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new stake in shares of Ross Stores in the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores during the fourth quarter worth about $31,000. Virtus Advisers LLC bought a new position in shares of Ross Stores during the fourth quarter worth about $32,000. Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores in the 4th quarter valued at approximately $38,000. Finally, Bell Investment Advisors Inc acquired a new stake in Ross Stores in the 2nd quarter valued at approximately $43,000. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Stock Up 4.4%
NASDAQ:ROST opened at $239.04 on Friday. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The firm has a market capitalization of $76.68 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.40 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is $233.81 and its two-hundred day moving average price is $221.86.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a return on equity of 40.28% and a net margin of 10.85%.The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current fiscal year.
Ross Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is 21.55%.
Trending Headlines about Ross Stores
Here are the key news stories impacting Ross Stores this week:
- Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
- Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
- Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
- Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
- Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores
Analyst Ratings Changes
Several equities research analysts have commented on the company. Wall Street Zen cut Ross Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 20th. Sanford C. Bernstein raised their price target on shares of Ross Stores from $230.00 to $240.00 and gave the stock a "market perform" rating in a research note on Friday. Morgan Stanley lifted their price objective on shares of Ross Stores from $231.00 to $234.00 and gave the company an "equal weight" rating in a report on Friday. Robert W. Baird boosted their price objective on shares of Ross Stores from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Ross Stores in a report on Monday, July 6th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $263.76.
Get Our Latest Stock Report on ROST
About Ross Stores
(
Free Report)
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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