Diversify Advisory Services LLC Invests $3.52 Million in Ross Stores, Inc. $ROST

Diversify Advisory Services LLC bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,447 shares of the apparel retailer’s stock, valued at approximately $3,516,000.

Several other institutional investors and hedge funds have also modified their holdings of ROST. Woodline Partners LP grew its holdings in shares of Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 117 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after acquiring an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after acquiring an additional 265 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

Ross Stores stock opened at $236.38 on Wednesday. The company has a market cap of $75.83 billion, a PE ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86. 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, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The company’s 50-day moving average is $233.98 and its two-hundred day moving average is $221.12.

Ross Stores (NASDAQ:ROST) last issued 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. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company 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 company earned $1.47 EPS. Ross Stores’s revenue was up 20.6% on a year-over-year basis. 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 anticipate that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ROST shares. Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Morgan Stanley set a $231.00 price target on shares of Ross Stores in a research note on Wednesday, August 5th. Truist Financial raised their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Citigroup boosted their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company downgraded Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective on the stock. in a report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.76.

Ross Stores 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.