Elevation Point Wealth Partners LLC Makes New Investment in Ross Stores, Inc. $ROST

Key Points

• Elevation Point Wealth Partners acquired 26,201 Ross Stores shares worth approximately $5.6 million in the second quarter. Institutional investors and hedge funds collectively own 86.86% of the company.
• Ross Stores exceeded second-quarter expectations, reporting $2.66 in EPS and $6.26 billion in revenue, with sales up 13.3% year over year. Management also raised its fiscal 2026 earnings outlook and plans to open 115 stores.
• Analysts generally remain bullish, with several firms raising price targets and the stock carrying a “Moderate Buy” consensus rating. However, some caution that Ross’s premium valuation and approximately $253 million in tariff refunds may limit near-term upside or complicate profit comparisons.

Elevation Point Wealth Partners LLC acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 26,201 shares of the apparel retailer's stock, valued at approximately $5,577,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ethic Inc. lifted its holdings in shares of Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock worth $4,282,000 after acquiring an additional 4,847 shares during the period. National Pension Service increased its stake in Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock valued at $234,192,000 after acquiring an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new position in Ross Stores in the fourth quarter valued at approximately $204,750,000. NewEdge Wealth LLC raised its position 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 purchasing an additional 7,353 shares in the last quarter. Finally, Jefferies Financial Group Inc. raised its position 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 purchasing an additional 186,619 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Stock Up 4.4%

Shares of ROST opened at $239.04 on Friday. The company has a market capitalization of $76.68 billion, a PE ratio of 28.94, a PEG ratio of 2.40 and a beta of 0.86. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The stock's 50-day moving average price is $233.81 and its two-hundred day moving average price is $221.86. 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 issued its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share 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 analysts' expectations of $6.16 billion. During the same quarter in the prior year, the firm posted $1.56 earnings per share. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts anticipate that Ross Stores, Inc. will post 8.13 EPS for the current year.

Ross Stores Announces Dividend

The firm 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. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. Ross Stores's dividend payout ratio (DPR) is 21.55%.

Ross Stores News Roundup

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 Upgrades and Downgrades

Several research firms have weighed in on ROST. Robert W. Baird upped their target price on Ross Stores from $250.00 to $270.00 and gave the stock an "outperform" rating in a research note on Friday. Barclays lifted their price target on Ross Stores from $260.00 to $298.00 and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company upped their price objective on Ross Stores from $245.00 to $248.00 and gave the stock an "equal weight" rating in a research report on Friday. Jefferies Financial Group raised their price objective on Ross Stores from $265.00 to $285.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley raised their price objective on Ross Stores from $231.00 to $234.00 and gave the company an "equal weight" rating in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ross Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $263.76.

About Ross Stores

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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