NewEdge Wealth LLC Makes New Investment in Ross Stores, Inc. $ROST

NewEdge Wealth LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 14,317 shares of the apparel retailer’s stock, valued at approximately $3,047,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Flossbach Von Storch SE acquired a new position in shares of Ross Stores in the 2nd quarter valued at $11,790,000. Great Lakes Advisors LLC purchased a new position in Ross Stores during the second quarter worth about $486,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Ross Stores during the second quarter valued at about $44,000. Danske Bank A S acquired a new position in shares of Ross Stores in the 2nd quarter worth approximately $37,045,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of Ross Stores in the 2nd quarter worth approximately $3,516,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores News Roundup

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Second-quarter sales increased 13.3% year over year to approximately $6.3 billion, while comparable-store sales rose 10% as customer traffic strengthened. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Reported diluted EPS reached $2.66, up sharply from $1.56 a year earlier and well above consensus estimates near $1.93-$1.94. Several reports characterized the quarter as a double beat on earnings and revenue. Ross Stores Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Ross raised fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the approximately $7.31 consensus cited in the reports. Third-quarter guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Raises Annual Profit Forecast Again
• Positive Sentiment: The company increased its fiscal-year store-opening plan to 115 locations after opening 47 stores during the quarter, supporting longer-term revenue growth.
• Neutral Sentiment: Ross declared its regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend provides ongoing shareholder returns but was not a major change to the investment outlook. Ross Stores Announces Quarterly Dividend
• Negative Sentiment: About $253 million of the quarter’s operating income came from IEEPA tariff refunds. Investors may discount some of the earnings upside because tariff-related benefits could be nonrecurring, leaving underlying margins and demand as key areas to monitor.
• Negative Sentiment: ROST remains near its 52-week high and trades at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after a strong report. Pre-earnings options activity also showed elevated put demand and implied volatility.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $228.99 on Friday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The firm has a market capitalization of $73.46 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 2.61 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. The business’s 50 day simple moving average is $233.83 and its 200-day simple moving average is $221.74.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. As a group, equities analysts forecast that Ross Stores, Inc. will post 7.81 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio is 24.86%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ROST shares. 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 report on Friday, May 22nd. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective for the company. in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Barclays raised their price target 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. Finally, Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.76.

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.