Ross Stores, Inc. $ROST Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 48.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,219 shares of the apparel retailer’s stock after acquiring an additional 16,039 shares during the quarter. Moran Wealth Management LLC’s holdings in Ross Stores were worth $10,662,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ROST. Norges Bank bought a new stake in shares of Ross Stores in the 4th quarter worth about $868,360,000. Holocene Advisors LP acquired a new stake in shares of Ross Stores in the 3rd quarter valued at about $351,763,000. Marshall Wace LLP lifted its position in shares of Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. Finally, Viking Global Investors LP lifted its position in shares of Ross Stores by 56.5% during the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective for the company. in a report on Tuesday, June 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Performance

Ross Stores stock opened at $213.43 on Friday. Ross Stores, Inc. has a 1 year low of $126.32 and a 1 year high of $242.81. The firm’s 50-day moving average is $225.11 and its 200-day moving average is $209.10. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a market cap of $68.46 billion, a P/E ratio of 29.81, a PEG ratio of 2.40 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion during 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 company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, equities analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is 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.