Perigon Wealth Management LLC Buys New Shares in Ross Stores, Inc. $ROST

Perigon Wealth Management LLC bought a new position in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 3,448 shares of the apparel retailer’s stock, valued at approximately $734,000.

Several other hedge funds have also added to or reduced their stakes in ROST. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores during the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new stake in shares of Ross Stores in the 4th quarter valued at about $31,000. Virtus Advisers LLC purchased a new stake in Ross Stores during the 4th quarter valued at about $32,000. Fideuram Asset Management Ireland dac purchased a new stake in Ross Stores during the 4th quarter valued at about $38,000. Finally, Salomon & Ludwin LLC grew its position in Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 105 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Up 0.5%

Shares of NASDAQ:ROST opened at $236.38 on Wednesday. The stock’s 50-day moving average is $233.98 and its 200 day moving average is $221.12. The company has a market cap of $75.83 billion, a PE ratio of 33.01, a P/E/G ratio of 2.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping the consensus estimate 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 business’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts anticipate that Ross Stores, Inc. will post 7.78 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on ROST shares. Morgan Stanley set a $231.00 price target on Ross Stores in a research note on Wednesday, August 5th. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Truist Financial raised their target price 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. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Citigroup upped their price target on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Sixteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $244.76.

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.