Elevation Point Wealth Partners LLC Takes Position in Ross Stores, Inc. $ROST

Elevation Point Wealth Partners LLC bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 26,201 shares of the apparel retailer’s stock, valued at approximately $5,577,000.

Several other institutional investors and hedge funds have also bought and sold shares of ROST. Hilton Head Capital Partners LLC acquired a new stake in Ross Stores in the fourth quarter worth $26,000. Bard Associates Inc. acquired a new position in shares of Ross Stores during the fourth quarter valued at about $31,000. Virtus Advisers LLC acquired a new position in shares of Ross Stores during the fourth quarter valued at about $32,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ross Stores during the fourth quarter valued at about $38,000. Finally, Bell Investment Advisors Inc bought a new position in shares of Ross Stores during the 2nd quarter worth about $43,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Up 4.4%

Shares of NASDAQ ROST opened at $239.04 on Friday. The stock has a market capitalization of $76.68 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.40 and a beta of 0.86. The company has a 50-day moving average price of $233.81 and a 200-day moving average price of $221.86. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year 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.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Ross Stores, Inc. will post 8.13 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s payout ratio is currently 21.55%.

More Ross Stores News

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

• Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
• Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
• Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
• Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROST. Guggenheim restated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Telsey Advisory Group increased their price target on 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 price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.76.

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.