NewEdge Advisors LLC Reduces Stock Position in Ross Stores, Inc. $ROST

NewEdge Advisors LLC cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 18.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,341 shares of the apparel retailer’s stock after selling 2,810 shares during the period. NewEdge Advisors LLC’s holdings in Ross Stores were worth $2,674,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Hilton Head Capital Partners LLC bought a new stake in Ross Stores during the 4th quarter valued at $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores in the fourth quarter worth $31,000. Virtus Advisers LLC purchased a new position in shares of Ross Stores in the fourth quarter valued at $32,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ross Stores in the fourth quarter valued at $38,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 105 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of ROST opened at $244.96 on Friday. The company has a market cap of $78.58 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. 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 stock has a 50-day moving average price of $233.38 and a 200-day moving average price of $220.01. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion during 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%.Ross Stores’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities analysts forecast that Ross Stores, Inc. will post 7.77 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is presently 24.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ROST. Telsey Advisory Group increased their price objective on Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research downgraded shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Barclays raised their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $239.12.

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.