Meeder Advisory Services Inc. Makes New Investment in Ross Stores, Inc. $ROST

Key Points

• Meeder Advisory Services acquired 11,576 Ross Stores shares during the second quarter, valued at approximately $2.46 million. Institutional investors collectively own 86.86% of the company.
• Ross Stores exceeded quarterly expectations, reporting $2.02 in EPS versus the $1.73 consensus and $6.01 billion in revenue, up 20.6% year over year.
• Analysts maintain a favorable outlook, with a consensus rating of “Moderate Buy” and an average price target of $244.76; the stock recently opened at $236.38.

Meeder Advisory Services Inc. purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,576 shares of the apparel retailer's stock, valued at approximately $2,464,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ethic Inc. lifted its stake 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 worth $4,282,000 after buying an additional 4,847 shares during the period. National Pension Service raised its stake in Ross Stores by 138.4% in the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after acquiring an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores in the 4th quarter worth $204,750,000. NewEdge Wealth LLC lifted its position in Ross Stores by 99.5% during the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer's stock worth $2,656,000 after acquiring an additional 7,353 shares during the period. Finally, Jefferies Financial Group Inc. grew its stake in Ross Stores by 744.8% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $236.38 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The stock 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 firm's 50 day simple moving average is $233.98 and its 200-day simple moving average is $221.12. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm's quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Guggenheim restated a "buy" rating and issued a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. The Goldman Sachs Group reissued a "buy" rating and set a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Morgan Stanley set a $231.00 price objective on shares of Ross Stores in a report on Wednesday, August 5th. Telsey Advisory Group increased their price objective on shares of Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $257.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $244.76.

Ross Stores Company Profile

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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