Wilkinson Global Asset Management LLC Acquires Shares of 4,174 Ross Stores, Inc. $ROST

Key Points

• Wilkinson Global Asset Management initiated a Ross Stores position of 4,174 shares valued at approximately $888,000. Institutional investors collectively own 86.86% of ROST.
• Analysts remain broadly positive, with 15 Buy ratings and six Holds, producing a “Moderate Buy” consensus and an average price target of $240.
• Ross Stores exceeded quarterly expectations, reporting $2.02 EPS and $6.01 billion in revenue, with revenue up 20.6% year over year. The company also pays a quarterly dividend of $0.445 per share, yielding about 0.7% annually.

Wilkinson Global Asset Management LLC bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,174 shares of the apparel retailer's stock, valued at approximately $888,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROST. Ethic Inc. grew its stake in shares of Ross Stores by 25.6% in the 4th 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 last quarter. CWM LLC raised its stake in Ross Stores by 61.1% during the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer's stock valued at $8,114,000 after buying an additional 17,090 shares during the last quarter. National Pension Service raised its stake 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 valued at $234,192,000 after buying an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Ross Stores in the fourth quarter worth $204,750,000. Finally, NewEdge Wealth LLC boosted its holdings in Ross Stores by 99.5% in the fourth 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 in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ROST. JPMorgan Chase & Co. raised their price target on Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Zacks Research cut shares of Ross Stores from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Citigroup increased their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the company 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 note on Friday, May 22nd. Finally, UBS Group reaffirmed a "neutral" rating on shares of Ross Stores in a report on Wednesday, June 10th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $240.00.

Ross Stores Price Performance

Ross Stores stock opened at $245.36 on Monday. The firm has a market cap of $78.71 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.74 and a beta of 0.86. The stock has a fifty day simple moving average of $233.68 and a two-hundred day simple moving average of $220.42. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. 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 announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating 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 return on equity of 38.42% and a net margin of 9.74%.The company's quarterly revenue was up 20.6% on a year-over-year basis. 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 predict that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.7%. Ross Stores's dividend payout ratio is currently 24.86%.

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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source