Gradient Investments LLC Sells 3,851 Shares of Ross Stores, Inc. $ROST

Gradient Investments LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 36.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,848 shares of the apparel retailer’s stock after selling 3,851 shares during the period. Gradient Investments LLC’s holdings in Ross Stores were worth $1,458,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ROST. LifeGoal Investments LLC purchased a new position in shares of Ross Stores in the 2nd quarter worth about $204,000. Cooper Financial Group raised its holdings in shares of Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after buying an additional 52 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Ross Stores by 402.4% during the 2nd quarter. Elevation Wealth Partners LLC now owns 211 shares of the apparel retailer’s stock valued at $45,000 after buying an additional 169 shares in the last quarter. Czech National Bank lifted its position in Ross Stores by 4.1% in the 2nd quarter. Czech National Bank now owns 91,696 shares of the apparel retailer’s stock worth $19,517,000 after buying an additional 3,607 shares during the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its position in Ross Stores by 10.0% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 89,768 shares of the apparel retailer’s stock worth $19,107,000 after buying an additional 8,124 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

NASDAQ ROST opened at $255.23 on Monday. The stock has a market cap of $81.87 billion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two week high of $257.00. The stock has a 50 day simple moving average of $231.66 and a two-hundred day simple moving average of $218.31. 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 posted its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion for 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 business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. On average, analysts forecast that Ross Stores, Inc. will post 7.76 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 given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s payout ratio is presently 24.86%.

Analyst Ratings Changes

Several brokerages have issued reports on ROST. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Barclays upped their price objective 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 target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Truist Financial lifted their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $239.12.

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.