Wealth High Governance Asset Management Ltda. Buys 70,208 Shares of Ross Stores, Inc. $ROST

Wealth High Governance Asset Management Ltda. raised its position in Ross Stores, Inc. (NASDAQ:ROST) by 1,592.0% during the first quarter, Holdings Channel.com reports. The firm owned 74,618 shares of the apparel retailer’s stock after buying an additional 70,208 shares during the period. Ross Stores accounts for about 5.7% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 2nd largest holding. Wealth High Governance Asset Management Ltda.’s holdings in Ross Stores were worth $16,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC grew its stake in Ross Stores by 4.1% in the 1st quarter. Parallel Advisors LLC now owns 6,586 shares of the apparel retailer’s stock worth $1,427,000 after acquiring an additional 259 shares during the period. Groupama Asset Managment lifted its stake in shares of Ross Stores by 85.4% during the 1st quarter. Groupama Asset Managment now owns 4,691 shares of the apparel retailer’s stock worth $1,016,000 after purchasing an additional 2,161 shares during the period. Wellington Grp LLC boosted its holdings in shares of Ross Stores by 9.2% during the first quarter. Wellington Grp LLC now owns 12,150 shares of the apparel retailer’s stock worth $2,632,000 after purchasing an additional 1,019 shares during the last quarter. BankChampaign National Association purchased a new stake in shares of Ross Stores in the first quarter valued at $737,000. Finally, Groupe la Francaise purchased a new stake in shares of Ross Stores in the first quarter valued at $18,013,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Telsey Advisory Group raised their target price on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating and set a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Finally, Barclays lifted their price target on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Price Performance

ROST opened at $251.07 on Monday. The firm has a 50 day moving average price of $229.56 and a 200 day moving average price of $216.17. The company has a market cap of $80.54 billion, a PE ratio of 35.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.86. Ross Stores, Inc. has a 1 year low of $134.37 and a 1 year high of $255.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the company posted $1.47 earnings per share. Ross Stores’s revenue was up 20.6% compared to the same quarter last year. 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. Sell-side analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s payout ratio is currently 24.86%.

About Ross Stores

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.