Performance Wealth Partners LLC Acquires Shares of 4,163 Ross Stores, Inc. $ROST

Performance Wealth Partners LLC bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, Holdings Channel reports. The institutional investor bought 4,163 shares of the apparel retailer’s stock, valued at approximately $886,000.

Other hedge funds have also made changes to their positions in the company. Ethic Inc. lifted its position in Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after acquiring an additional 4,847 shares during the period. CWM LLC increased its holdings in shares of Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after purchasing an additional 17,090 shares during the period. National Pension Service raised its stake in shares of Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Ross Stores during the fourth quarter worth approximately $204,750,000. Finally, NewEdge Wealth LLC lifted its holdings in shares of Ross Stores by 99.5% during the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock worth $2,656,000 after purchasing an additional 7,353 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Down 4.1%

Shares of ROST stock opened at $235.28 on Tuesday. The business’s fifty day moving average price is $233.84 and its 200 day moving average price is $220.77. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00. The firm has a market capitalization of $75.47 billion, a PE ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86. 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 released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company earned $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, sell-side analysts forecast that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued 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 payout ratio is currently 24.86%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ROST shares. Telsey Advisory Group lifted their price objective on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Truist Financial raised their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Morgan Stanley set a $231.00 price target on shares of Ross Stores in a research note on Wednesday, August 5th. Finally, Citigroup increased their price target on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $244.76.

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.