Diversify Advisory Services LLC purchased a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 14,447 shares of the apparel retailer's stock, valued at approximately $3,516,000.
A number of other large investors also recently modified their holdings of the business. Ethic Inc. raised its position in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after buying an additional 4,847 shares during the last quarter. National Pension Service grew its position in Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after buying an additional 754,816 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Ross Stores during the fourth quarter worth about $204,750,000. NewEdge Wealth LLC increased its stake in Ross Stores by 99.5% during the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer's stock valued at $2,656,000 after acquiring an additional 7,353 shares during the period. Finally, Jefferies Financial Group Inc. increased its stake in Ross Stores by 744.8% during the fourth quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer's stock valued at $38,131,000 after acquiring an additional 186,619 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ROST. Citigroup raised their price objective on Ross Stores from $261.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. The Goldman Sachs Group restated a "buy" rating and set a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $257.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Wells Fargo & Company downgraded shares of Ross Stores from an "overweight" rating to an "equal weight" rating and set a $245.00 price target on the stock. in a research note on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.76.
View Our Latest Stock Report on Ross Stores
Ross Stores Stock Up 0.5%
NASDAQ ROST opened at $236.38 on Wednesday. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00. The company has a market capitalization of $75.83 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86. The stock's 50 day moving average is $233.98 and its two-hundred day moving average is $221.12. 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 (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.47 earnings per share. 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. Equities analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.
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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