Wealth Enhancement Advisory Services LLC Has $13.54 Million Holdings in Ross Stores, Inc. $ROST

Wealth Enhancement Advisory Services LLC grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 90,046 shares of the apparel retailer’s stock after purchasing an additional 7,401 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ross Stores were worth $13,537,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ROST. Woodline Partners LP grew its stake in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares during the period. Diversified Trust Co grew its holdings in Ross Stores by 35.8% in the second quarter. Diversified Trust Co now owns 2,390 shares of the apparel retailer’s stock worth $305,000 after purchasing an additional 630 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Ross Stores by 7.5% during the second quarter. Park Avenue Securities LLC now owns 10,637 shares of the apparel retailer’s stock valued at $1,357,000 after purchasing an additional 744 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Ross Stores by 7.0% during the 2nd quarter. Ballentine Partners LLC now owns 7,694 shares of the apparel retailer’s stock worth $982,000 after purchasing an additional 505 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ROST shares. Jefferies Financial Group reiterated a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a report on Monday, December 1st. Deutsche Bank Aktiengesellschaft set a $221.00 price target on Ross Stores in a research report on Thursday, January 8th. Wells Fargo & Company boosted their target price on shares of Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Robert W. Baird set a $200.00 price objective on Ross Stores in a research note on Wednesday, December 17th. Finally, JPMorgan Chase & Co. increased their target price on Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.41.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $187.01 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The stock has a market capitalization of $60.49 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01. The company has a fifty day moving average of $180.71 and a 200-day moving average of $159.43. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $194.92.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. Equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s payout ratio is presently 25.31%.

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.