Ross Stores, Inc. $ROST Stock Position Decreased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 23.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,611 shares of the apparel retailer’s stock after selling 5,382 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Ross Stores were worth $3,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ROST. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 valued at $26,000 after purchasing an additional 140 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ross Stores in the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new stake in Ross Stores during the 4th quarter worth about $31,000. City Holding Co. lifted its stake in Ross Stores by 1,080.0% during the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 162 shares in the last quarter. Finally, Virtus Advisers LLC purchased a new stake in Ross Stores during the fourth quarter valued at about $32,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Up 1.3%

Ross Stores stock opened at $220.60 on Friday. Ross Stores, Inc. has a twelve month low of $126.32 and a twelve month high of $242.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The firm has a market cap of $70.76 billion, a PE ratio of 30.81, a P/E/G ratio of 2.45 and a beta of 0.87. The firm’s 50 day moving average price is $224.29 and its two-hundred day moving average price is $210.22.

Ross Stores (NASDAQ:ROST) last issued its earnings results 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 during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the business posted $1.47 EPS. The company’s revenue for the quarter 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. On average, research analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Wall Street Analyst Weigh In

ROST has been the topic of several analyst reports. 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. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Telsey Advisory Group lifted their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Monday. One 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. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

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.