HB Wealth Management LLC Raises Holdings in Ross Stores, Inc. $ROST

HB Wealth Management LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 23.1% during the first quarter, Holdings Channel.com reports. The fund owned 14,597 shares of the apparel retailer’s stock after purchasing an additional 2,738 shares during the quarter. HB Wealth Management LLC’s holdings in Ross Stores were worth $3,162,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in Ross Stores during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Ross Stores during the 4th quarter worth approximately $31,000. City Holding Co. raised its holdings in Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after buying an additional 162 shares during the period. Finally, Virtus Advisers LLC purchased a new position in Ross Stores in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

NASDAQ ROST opened at $213.43 on Monday. The stock has a market cap of $68.46 billion, a P/E ratio of 29.81, a PEG ratio of 2.40 and a beta of 0.87. The company’s fifty day simple moving average is $225.11 and its 200-day simple moving average is $209.27. 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, 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 analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the business earned $1.47 EPS. The business’s revenue was up 20.6% on a year-over-year basis. 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. Equities research analysts predict 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 paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 24.86%.

Analyst Upgrades and Downgrades

ROST has been the subject of several research reports. Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised 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. Barclays lifted their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Finally, Citigroup raised their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

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.