NewEdge Advisors LLC Sells 2,810 Shares of Ross Stores, Inc. $ROST

NewEdge Advisors LLC reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 18.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,341 shares of the apparel retailer’s stock after selling 2,810 shares during the quarter. NewEdge Advisors LLC’s holdings in Ross Stores were worth $2,674,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Ross Stores in the fourth quarter valued at about $26,000. Bard Associates Inc. purchased a new position in Ross Stores during the fourth quarter worth about $31,000. Virtus Advisers LLC purchased a new position in Ross Stores during the fourth quarter worth about $32,000. Fideuram Asset Management Ireland dac bought a new stake in Ross Stores in the 4th quarter worth about $38,000. Finally, Salomon & Ludwin LLC grew its position in Ross Stores by 89.0% in the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 105 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROST has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective on the stock. in a research report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average target price of $239.12.

Ross Stores Stock Down 1.3%

Ross Stores stock opened at $244.96 on Friday. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The firm has a 50 day moving average price of $233.38 and a 200-day moving average price of $220.01. The company has a market capitalization of $78.58 billion, a P/E ratio of 34.21, a P/E/G ratio of 2.78 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping 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 company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the firm posted $1.47 EPS. Ross Stores’s revenue was up 20.6% on a year-over-year basis. 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. As a group, equities analysts predict that Ross Stores, Inc. will post 7.77 EPS for the current year.

Ross Stores Dividend Announcement

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. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is presently 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.