Ross Stores (NASDAQ:ROST) Sets New 52-Week High – Here’s What Happened

Ross Stores, Inc. (NASDAQ:ROST) shares reached a new 52-week high on Monday . The company traded as high as $243.01 and last traded at $243.3680, with a volume of 796464 shares traded. The stock had previously closed at $238.89.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. 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 research note on Tuesday, June 23rd. Citigroup boosted their price target on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Trading Up 3.2%

The stock has a market capitalization of $80.53 billion, a PE ratio of 35.06, a P/E/G ratio of 2.73 and a beta of 0.87. 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 firm has a 50 day moving average price of $227.84 and a 200 day moving average price of $214.88.

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

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.7%. Ross Stores’s payout ratio is 24.86%.

Institutional Investors Weigh In On Ross Stores

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cooper Financial Group grew its holdings in shares of Ross Stores by 2.8% in the second 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 lifted its holdings in Ross Stores by 1.7% during the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after acquiring an additional 55 shares during the period. CYBER HORNET ETFs LLC lifted its holdings in Ross Stores by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after acquiring an additional 55 shares during the period. Florida Trust Wealth Management Co boosted its position in Ross Stores by 1.7% in the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 56 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in Ross Stores by 4.6% in the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

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.