Walled Lake Planning & Wealth Management LLC Lowers Stake in Ross Stores, Inc. $ROST

Walled Lake Planning & Wealth Management LLC reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 53.6% in the first quarter, HoldingsChannel.com reports. The firm owned 11,209 shares of the apparel retailer’s stock after selling 12,960 shares during the period. Walled Lake Planning & Wealth Management LLC’s holdings in Ross Stores were worth $2,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Ross Stores during the 4th quarter valued at $868,360,000. Holocene Advisors LP purchased a new stake in Ross Stores in the 3rd quarter worth $351,763,000. Marshall Wace LLP raised its holdings in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the period. Bank of America Corp DE raised its holdings in Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares during the period. Finally, Viking Global Investors LP lifted its position in shares of Ross Stores by 56.5% in the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after acquiring an additional 1,143,611 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROST has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday. Telsey Advisory Group boosted their price target on Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Barclays upped their price target on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a report on Friday, May 22nd. One 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 company. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

Ross Stores Price Performance

Ross Stores stock traded up $2.28 during midday trading on Friday, reaching $222.88. 2,278,960 shares of the stock traded hands, compared to its average volume of 3,152,871. The stock has a market cap of $71.50 billion, a P/E ratio of 31.13, a PEG ratio of 2.48 and a beta of 0.87. The stock’s fifty day moving average is $224.25 and its 200-day moving average is $210.31. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $126.32 and a 12 month high of $242.81.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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, equities research analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio is presently 24.86%.

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.