Wealthfront Advisers LLC Has $9.94 Million Stake in Ross Stores, Inc. $ROST

Wealthfront Advisers LLC raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 15.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 45,873 shares of the apparel retailer’s stock after purchasing an additional 6,170 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ross Stores were worth $9,937,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ROST. State Street Corp grew its position in Ross Stores by 0.7% during the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock worth $2,506,099,000 after buying an additional 99,975 shares in the last quarter. Bank of America Corp DE raised its holdings in Ross Stores by 20.9% in the 2nd 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 in the last quarter. Morgan Stanley raised 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 valued at $979,384,000 after acquiring an additional 79,519 shares in the last quarter. Norges Bank bought a new stake in shares of Ross Stores in the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP lifted its position in shares of Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after acquiring an additional 426,370 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROST. Guggenheim restated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Truist Financial raised their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Wells Fargo & Company lowered shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Price Performance

Shares of ROST stock opened at $233.46 on Friday. The stock’s fifty day moving average is $224.21 and its 200-day moving average is $211.92. 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 stock has a market capitalization of $74.89 billion, a PE ratio of 32.61, a PEG ratio of 2.61 and a beta of 0.87. Ross Stores, Inc. has a 52 week low of $129.48 and a 52 week high of $242.81.

Ross Stores (NASDAQ:ROST) last released 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 business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm’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 business posted $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. Equities research analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.

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.