BW Gestao de Investimentos Ltda. Takes $1.40 Million Position in Ross Stores, Inc. $ROST

BW Gestao de Investimentos Ltda. bought a new stake in Ross Stores, Inc. (NASDAQ:ROSTFree Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 7,795 shares of the apparel retailer’s stock, valued at approximately $1,404,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Ross Stores by 1.9% in the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after buying an additional 180,182 shares during the last quarter. Norges Bank purchased a new stake in shares of Ross Stores in the fourth quarter valued at about $868,360,000. Viking Global Investors LP raised its holdings in shares of Ross Stores by 9.9% in the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Ross Stores by 5.7% in the third quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer’s stock valued at $709,518,000 after buying an additional 252,284 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Ross Stores by 10.2% in the third quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer’s stock valued at $616,470,000 after buying an additional 375,470 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ROST. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 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 Wednesday, April 8th. Barclays increased their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Finally, Guggenheim reissued a “buy” rating and set a $290.00 price target on shares of Ross Stores in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Get Our Latest Report on Ross Stores

Insider Activity

In other news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the sale, the chief operating officer directly owned 116,028 shares in the company, valued at $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the completion of the sale, the director owned 2,159 shares in the company, valued at $460,147.67. This represents a 46.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,756 shares of company stock worth $5,521,004 over the last ninety days. 2.10% of the stock is currently owned by insiders.

Ross Stores Trading Down 0.1%

Shares of ROST opened at $223.82 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average is $221.76 and its two-hundred day moving average is $200.22. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $237.41. The firm has a market capitalization of $72.10 billion, a P/E ratio of 31.26, a PEG ratio of 2.51 and a beta of 0.86.

Ross Stores (NASDAQ:ROSTGet Free Report) last issued its earnings results 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. 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 analyst estimates of $5.64 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts predict that Ross Stores, Inc. will post 7.75 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio is presently 24.86%.

About Ross Stores

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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