Diversify Wealth Management LLC Purchases 5,893 Shares of Ross Stores, Inc. $ROST

Diversify Wealth Management LLC raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 417.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,304 shares of the apparel retailer’s stock after buying an additional 5,893 shares during the period. Diversify Wealth Management LLC’s holdings in Ross Stores were worth $1,644,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROST. Norges Bank purchased a new position in shares of Ross Stores in the fourth quarter valued at about $868,360,000. Marshall Wace LLP boosted its holdings in shares of Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the period. Bank of America Corp DE grew its stake in shares of Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. Viking Global Investors LP grew its stake in shares of Ross Stores by 56.5% in the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores during the 4th quarter valued at about $204,750,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 0.7%

Shares of NASDAQ:ROST opened at $220.93 on Wednesday. The firm has a market capitalization of $70.87 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.46 and a beta of 0.87. 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 stock has a 50 day moving average price of $223.95 and a 200-day moving average price of $211.08. Ross Stores, Inc. has a 52-week low of $126.32 and a 52-week high of $242.81.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm’s revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.47 earnings per share. 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, equities research analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s payout ratio is 24.86%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target for the company. in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Truist Financial boosted their target price on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and a consensus target price 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.