OneDigital Investment Advisors LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,555 shares of the apparel retailer’s stock, valued at approximately $544,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of ROST. Ethic Inc. grew its position in 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 during the period. National Pension Service increased its holdings in Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after buying an additional 754,816 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Ross Stores during the 4th quarter valued at approximately $204,750,000. NewEdge Wealth LLC lifted its position in shares of Ross Stores by 99.5% during the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after acquiring an additional 7,353 shares during the period. Finally, Jefferies Financial Group Inc. boosted its stake in shares of Ross Stores by 744.8% during the 4th quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer’s stock worth $38,131,000 after acquiring an additional 186,619 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Wall Street Analyst Weigh In
ROST has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. JPMorgan Chase & Co. boosted their target price on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Guggenheim reissued a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Morgan Stanley set a $231.00 price target on Ross Stores in a research note on Wednesday, August 5th. 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 MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus target price of $244.76.
Ross Stores Trading Up 0.5%
Shares of ROST stock opened at $236.38 on Wednesday. The firm has a 50-day moving average price of $233.98 and a 200 day moving average price of $221.12. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The company has a market capitalization of $75.83 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.
Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. 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. Research analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.
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.
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