Simplicity Wealth LLC Takes Position in Ross Stores, Inc. $ROST

Simplicity Wealth LLC bought a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 8,793 shares of the apparel retailer’s stock, valued at approximately $1,872,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ethic Inc. grew its position in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after buying an additional 4,847 shares in the last quarter. CWM LLC increased its stake in Ross Stores by 61.1% during the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after purchasing an additional 17,090 shares during the last quarter. National Pension Service raised its holdings in shares of Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Ross Stores in the 4th quarter worth about $204,750,000. Finally, NewEdge Wealth LLC boosted its holdings in shares of Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after buying an additional 7,353 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Guggenheim reaffirmed a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a research report on Monday, April 27th. JPMorgan Chase & Co. raised their target price on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Barclays lifted their target price on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target on the stock. in a report on Tuesday, June 23rd. Finally, Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.

Ross Stores Price Performance

ROST stock opened at $245.36 on Monday. The firm has a market cap of $78.71 billion, a PE ratio of 34.27, a P/E/G ratio of 2.74 and a beta of 0.86. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $233.68 and a 200 day simple moving average of $220.42.

Ross Stores (NASDAQ:ROST) last announced its earnings results 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. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.47 earnings per share. 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 research analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

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.