Evoke Wealth LLC Grows Stock Holdings in Ross Stores, Inc. $ROST

Evoke Wealth LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 52.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,596 shares of the apparel retailer’s stock after buying an additional 4,652 shares during the quarter. Evoke Wealth LLC’s holdings in Ross Stores were worth $2,449,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Ethic Inc. lifted its stake in shares of Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after buying an additional 4,847 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Ross Stores during the 3rd quarter valued at $1,411,000. Financial Planning Hawaii Inc. purchased a new position in shares of Ross Stores during the 4th quarter valued at $1,542,000. Amica Mutual Insurance Co. purchased a new position in shares of Ross Stores during the 3rd quarter valued at $4,790,000. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Ross Stores by 84.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 227,340 shares of the apparel retailer’s stock valued at $34,645,000 after buying an additional 104,270 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores News Summary

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Ross Stores reported Q1 EPS of $2.02, easily topping estimates, while revenue of $6.01 billion also exceeded forecasts; same-store sales jumped 17% and revenue rose 20.6% year over year. Ross Stores Reports Robust First Quarter Sales and Earnings Results, Significantly Exceeding Guidance
• Positive Sentiment: The company raised full-year EPS guidance to $7.50-$7.74 and increased its comparable-sales outlook to 6%-7%, signaling continued momentum after a strong quarter. Ross Stores Lifts Outlook as Sales Jump
• Positive Sentiment: Analysts turned more bullish after the beat, with Citigroup lifting its price target to $270 and other firms raising forecasts, reinforcing the post-earnings rally. These Analysts Boost Their Forecasts On Ross Stores After Better-Than-Expected Q1 Results
• Positive Sentiment: Multiple market commentaries highlighted Ross Stores as a beneficiary of consumer demand for value and noted the stock hitting a 52-week high after the earnings release. Why Ross Stores Stock Climbed Today

Insider Transactions at Ross Stores

In other news, Director Patricia H. Mueller sold 1,881 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total value of $400,897.53. Following the sale, the director directly owned 2,159 shares in the company, valued at $460,147.67. The trade was a 46.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the business’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,756 shares of company stock worth $5,521,004 in the last three months. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Up 8.1%

Shares of ROST stock opened at $234.81 on Friday. The stock has a market cap of $75.64 billion, a P/E ratio of 32.79, a PEG ratio of 3.11 and a beta of 0.87. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $235.80. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. The company’s fifty day simple moving average is $219.06 and its two-hundred day simple moving average is $197.05.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 39.02%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.47 EPS. 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 predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is 26.93%.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of analyst reports. UBS Group lifted their target price on shares of Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research note on Friday. Sanford C. Bernstein restated a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday. Citigroup lifted their target price on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wells Fargo & Company lifted their target price on shares of Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.88.

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.