Perigon Wealth Management LLC Purchases New Position in Ross Stores, Inc. $ROST

Perigon Wealth Management LLC purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,448 shares of the apparel retailer’s stock, valued at approximately $734,000.

Several other institutional investors and hedge funds have also bought and sold shares of ROST. Cooper Financial Group boosted its position in Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after acquiring an additional 52 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after acquiring an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock valued at $172,000 after purchasing an additional 55 shares during the period. MCF Advisors LLC lifted its stake in shares of Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 57 shares during the period. Finally, Caxton Associates LLP boosted its position in shares of Ross Stores by 4.3% during the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after purchasing an additional 58 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ROST. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. UBS Group reissued a “buy” rating on shares of Ross Stores in a research report on Tuesday. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Telsey Advisory Group upped their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Citigroup increased their price target on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.76.

Ross Stores Stock Performance

Ross Stores stock opened at $236.38 on Wednesday. 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 company has a market capitalization of $75.83 billion, a P/E ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86. The stock’s 50 day moving average is $233.98 and its 200 day moving average is $221.12. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the business earned $1.47 earnings per share. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. 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. On average, equities research analysts predict that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

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.