Waterway Wealth Management LLC Sells 4,626 Shares of Ross Stores, Inc. $ROST

Waterway Wealth Management LLC lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 57.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,394 shares of the apparel retailer’s stock after selling 4,626 shares during the quarter. Waterway Wealth Management LLC’s holdings in Ross Stores were worth $611,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ROST. Norges Bank bought a new position in shares of Ross Stores during the 4th quarter worth approximately $868,360,000. Holocene Advisors LP bought a new position in shares of Ross Stores during the 3rd quarter worth approximately $351,763,000. Marshall Wace LLP lifted its position 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 worth $276,857,000 after buying an additional 1,726,324 shares during the period. Bank of America Corp DE lifted its position 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 worth $1,222,523,000 after buying an additional 1,657,008 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in shares of Ross Stores during the 4th quarter worth approximately $204,750,000. Institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ROST. Barclays raised their target price on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their target price on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. Finally, Wall Street Zen upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Insider Buying and Selling at Ross Stores

In other news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Ross Stores Trading Down 1.0%

Shares of ROST opened at $234.49 on Wednesday. The stock has a fifty day moving average price of $225.59 and a two-hundred day moving average price of $205.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores, Inc. has a 52-week low of $124.49 and a 52-week high of $242.81. The company has a market cap of $75.22 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 2.66 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The business’s revenue for the quarter 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. Analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

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