Valley Wealth Managers Inc. Sells 7,581 Shares of Ross Stores, Inc. $ROST

Valley Wealth Managers Inc. lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 125,853 shares of the apparel retailer’s stock after selling 7,581 shares during the quarter. Ross Stores accounts for 1.8% of Valley Wealth Managers Inc.’s holdings, making the stock its 15th largest holding. Valley Wealth Managers Inc.’s holdings in Ross Stores were worth $27,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP lifted its holdings in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Ross Stores by 35.8% in the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after purchasing an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after purchasing an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC raised its position in shares of Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on ROST shares. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Barclays boosted their price objective on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Truist Financial increased their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Performance

Ross Stores stock opened at $233.46 on Friday. Ross Stores, Inc. has a 1-year low of $129.48 and a 1-year high of $242.81. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $74.89 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 2.62 and a beta of 0.87. The firm’s 50 day simple moving average is $224.21 and its 200 day simple moving average is $211.92.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm 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. As a group, analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

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.