Ritholtz Wealth Management Takes $687,000 Position in Ross Stores, Inc. $ROST

Ritholtz Wealth Management acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,172 shares of the apparel retailer’s stock, valued at approximately $687,000.

A number of other hedge funds have also recently bought and sold shares of ROST. Thurston Springer Miller Herd & Titak Inc. grew its stake in Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 140 shares during the period. Hilton Head Capital Partners LLC acquired a new position in Ross Stores in the 4th quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Ross Stores during the 4th quarter worth $31,000. City Holding Co. lifted its stake in shares of Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the fourth quarter worth $32,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Down 2.1%

NASDAQ ROST opened at $208.83 on Tuesday. The stock has a market cap of $66.99 billion, a PE ratio of 29.17, a P/E/G ratio of 2.39 and a beta of 0.86. Ross Stores, Inc. has a fifty-two week low of $126.32 and a fifty-two week high of $242.81. The business has a 50 day moving average price of $226.23 and a two-hundred day moving average price of $208.43. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

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, beating 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 company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The business’s quarterly 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. As a group, sell-side analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.9%. Ross Stores’s payout ratio is 24.86%.

Wall Street Analysts Forecast Growth

ROST has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Citigroup upped their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Finally, UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

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.