Elevation Point Wealth Partners LLC Acquires 21,431 Shares of Ross Stores, Inc. $ROST

Elevation Point Wealth Partners LLC lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 459.5% in the 1st quarter, HoldingsChannel reports. The firm owned 26,095 shares of the apparel retailer’s stock after acquiring an additional 21,431 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Ross Stores were worth $5,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ROST. State Street Corp lifted its position in shares of Ross Stores by 0.7% during the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after buying an additional 99,975 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Ross Stores by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after acquiring an additional 180,182 shares during the period. Morgan Stanley increased its holdings in Ross Stores by 1.5% in the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after acquiring an additional 79,519 shares in the last quarter. Norges Bank bought a new stake in Ross Stores during the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP lifted its holdings in Ross Stores by 9.9% during the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after purchasing an additional 426,370 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $213.43 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The firm has a fifty day moving average price of $225.11 and a 200 day moving average price of $209.10. Ross Stores, Inc. has a fifty-two week low of $126.32 and a fifty-two week high of $242.81. The firm has a market cap of $68.46 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 2.40 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion for 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%. Ross Stores’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $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, sell-side analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s payout ratio is currently 24.86%.

Wall Street Analysts Forecast Growth

ROST has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. 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 research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Finally, UBS Group restated a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.