NewEdge Wealth LLC Purchases Shares of 14,317 Ross Stores, Inc. $ROST

NewEdge Wealth LLC bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 14,317 shares of the apparel retailer’s stock, valued at approximately $3,047,000.

Several other institutional investors and hedge funds also recently modified their holdings of ROST. Woodline Partners LP boosted its holdings in Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Ross Stores by 35.8% in the second 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 in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of 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 valued at $19,200,000 after buying an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in shares of Ross Stores by 2.2% during 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 buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ROST. Guggenheim reiterated a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Wells Fargo & Company cut 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. Telsey Advisory Group increased their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Citigroup raised their target price on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $244.76.

Ross Stores Stock Down 2.4%

Ross Stores stock opened at $228.99 on Friday. The company’s 50-day moving average price is $233.83 and its two-hundred day moving average price is $221.74. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market cap of $73.46 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.61 and a beta of 0.86. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. During the same period in the previous year, the company earned $1.56 earnings per share. Ross Stores’s revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Ross Stores, Inc. will post 7.81 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio is 24.86%.

Ross Stores News Roundup

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Second-quarter sales increased 13.3% year over year to approximately $6.3 billion, while comparable-store sales rose 10% as customer traffic strengthened. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Reported diluted EPS reached $2.66, up sharply from $1.56 a year earlier and well above consensus estimates near $1.93-$1.94. Several reports characterized the quarter as a double beat on earnings and revenue. Ross Stores Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Ross raised fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the approximately $7.31 consensus cited in the reports. Third-quarter guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Raises Annual Profit Forecast Again
• Positive Sentiment: The company increased its fiscal-year store-opening plan to 115 locations after opening 47 stores during the quarter, supporting longer-term revenue growth.
• Neutral Sentiment: Ross declared its regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend provides ongoing shareholder returns but was not a major change to the investment outlook. Ross Stores Announces Quarterly Dividend
• Negative Sentiment: About $253 million of the quarter’s operating income came from IEEPA tariff refunds. Investors may discount some of the earnings upside because tariff-related benefits could be nonrecurring, leaving underlying margins and demand as key areas to monitor.
• Negative Sentiment: ROST remains near its 52-week high and trades at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after a strong report. Pre-earnings options activity also showed elevated put demand and implied volatility.

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.