Emerald Investment Advisers LLC acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 28,107 shares of the apparel retailer's stock, valued at approximately $5,983,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Hilton Head Capital Partners LLC acquired a new stake in Ross Stores during the 4th quarter valued at $26,000. Bard Associates Inc. acquired a new position in shares of Ross Stores in the fourth quarter worth $31,000. Virtus Advisers LLC acquired a new position in shares of Ross Stores in the fourth quarter worth $32,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ross Stores in the fourth quarter valued at $38,000. Finally, Salomon & Ludwin LLC lifted its position 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 acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.
More Ross Stores News
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
A number of research firms recently commented on ROST. Morgan Stanley increased 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. Barclays upped their target price on shares of Ross Stores from $260.00 to $298.00 and gave the company an "overweight" rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $262.00 to $272.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group lifted their price target on shares of Ross Stores from $232.00 to $239.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Citigroup boosted their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Friday. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $263.76.
View Our Latest Research Report on ROST
Ross Stores Price Performance
Shares of NASDAQ:ROST opened at $239.04 on Friday. The company has a market cap of $76.68 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.30 and a beta of 0.86. The business has a fifty day simple moving average of $233.81 and a 200-day simple moving average of $221.86. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping 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 firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Ross Stores, Inc. will post 7.81 EPS for the current year.
Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued 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 is Tuesday, September 8th. Ross Stores's dividend payout ratio is presently 21.55%.
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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