EP Wealth Advisors LLC Acquires Shares of 9,925 Ross Stores, Inc. $ROST

EP Wealth Advisors LLC bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,925 shares of the apparel retailer's stock, valued at approximately $2,112,000.

Several other institutional investors have also modified their holdings of ROST. BlackRock Inc. acquired a new stake in Ross Stores during the 2nd quarter valued at approximately $5,938,711,000. Norges Bank acquired a new position in shares of Ross Stores in the 4th quarter valued at approximately $868,360,000. Bank of New York Mellon Corp acquired a new position in shares of Ross Stores in the 2nd quarter valued at approximately $385,441,000. Marshall Wace LLP boosted its stake in shares of Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer's stock valued at $276,857,000 after buying an additional 1,726,324 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer's stock valued at $1,222,523,000 after buying an additional 1,657,008 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Stock Performance

Shares of NASDAQ ROST opened at $239.04 on Friday. 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 firm's 50-day moving average price is $233.81 and its two-hundred day moving average price is $221.86. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The stock has a market capitalization of $76.68 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.40 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a return on equity of 40.28% and a net margin of 10.85%.The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.56 earnings per share. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 8.13 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. Ross Stores's dividend payout ratio is presently 21.55%.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of recent analyst reports. Weiss Ratings reissued a "buy (b)" rating on shares of Ross Stores in a research report on Monday, July 6th. Morgan Stanley upped their price target on shares of Ross Stores from $231.00 to $234.00 and gave the company an "equal weight" rating in a report on Friday. Guggenheim reiterated a "buy" rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Truist Financial raised their price objective on shares of Ross Stores from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $262.00 to $272.00 and gave the stock an "overweight" rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Ross Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.76.

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

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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