Fifth Third Bancorp Buys 62,726 Shares of Ross Stores, Inc. $ROST

Fifth Third Bancorp lifted its position in Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 374.2% during the first quarter, HoldingsChannel.com reports. The fund owned 79,489 shares of the apparel retailer’s stock after purchasing an additional 62,726 shares during the period. Fifth Third Bancorp’s holdings in Ross Stores were worth $17,220,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after buying an additional 140 shares during the period. Hilton Head Capital Partners LLC bought a new stake in shares of Ross Stores in the fourth quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Ross Stores during the fourth quarter worth about $31,000. City Holding Co. raised its position in shares of Ross Stores by 1,080.0% during the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Ross Stores during the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ROST shares. Guggenheim reiterated a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. JPMorgan Chase & Co. upped their price target 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. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Citigroup raised their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One equities research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Get Our Latest Analysis on Ross Stores

Ross Stores Stock Performance

Shares of ROST opened at $219.46 on Tuesday. Ross Stores, Inc. has a 12 month low of $126.32 and a 12 month high of $242.81. The firm has a fifty day simple moving average of $224.08 and a 200 day simple moving average of $210.79. The stock has a market capitalization of $70.40 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 2.50 and a beta of 0.87. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROSTGet Free Report) last issued its quarterly 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. 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 analyst estimates of $5.64 billion. During the same period in the previous year, the business earned $1.47 EPS. The company’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. Research analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

Ross Stores Company Profile

(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.

Further Reading

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

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