Dimensional Fund Advisors LP lifted its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 0.2% in the first quarter, HoldingsChannel reports. The firm owned 3,004,909 shares of the apparel retailer’s stock after buying an additional 5,606 shares during the period. Dimensional Fund Advisors LP’s holdings in Ross Stores were worth $650,835,000 at the end of the most recent quarter.
Several other hedge funds and 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 fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares during the period. Hilton Head Capital Partners LLC purchased a new stake in shares of Ross Stores in the 4th quarter valued at approximately $26,000. Bard Associates Inc. purchased a new stake in shares of Ross Stores in the 4th quarter valued at approximately $31,000. City Holding Co. increased its holdings in shares of Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after buying an additional 162 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the 4th quarter worth approximately $32,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ROST. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Citigroup lifted their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Telsey Advisory Group upped their price target on Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $233.18.
Ross Stores Price Performance
ROST opened at $233.46 on Monday. The stock’s 50-day moving average price is $224.21 and its 200 day moving average price is $212.14. Ross Stores, Inc. has a 12-month low of $129.48 and a 12-month high of $242.81. The firm has a market cap of $74.89 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 2.62 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:ROST – Get Free Report) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, sell-side analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current year.
Ross Stores Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $0.445 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is 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.
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