Harvest Fund Management Co. Ltd raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 21.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,283 shares of the apparel retailer’s stock after purchasing an additional 4,209 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Ross Stores were worth $4,375,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clifford Swan Investment Counsel LLC acquired a new position in Ross Stores during the fourth quarter worth approximately $207,000. Vise Technologies Inc. increased its position in Ross Stores by 20.9% during the fourth quarter. Vise Technologies Inc. now owns 9,692 shares of the apparel retailer’s stock worth $1,746,000 after purchasing an additional 1,677 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Ross Stores by 5.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 81,820 shares of the apparel retailer’s stock worth $14,739,000 after purchasing an additional 3,961 shares during the last quarter. State of Wyoming increased its position in Ross Stores by 14.2% during the fourth quarter. State of Wyoming now owns 3,483 shares of the apparel retailer’s stock worth $627,000 after purchasing an additional 432 shares during the last quarter. Finally, Lido Advisors LLC increased its position in Ross Stores by 2.9% during the fourth quarter. Lido Advisors LLC now owns 11,327 shares of the apparel retailer’s stock worth $2,040,000 after purchasing an additional 323 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Wall Street Analyst Weigh In
ROST has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Guggenheim reaffirmed a “buy” rating and set a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Truist Financial increased their price objective 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $233.18.
Ross Stores Price Performance
ROST opened at $233.06 on Friday. The company has a fifty day simple moving average of $222.75 and a 200 day simple moving average of $201.66. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.61 and a beta of 0.86. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $237.41. 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 quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the business earned $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. Equities research analysts expect that Ross Stores, Inc. will post 7.75 EPS for the current fiscal year.
Ross Stores Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.
Insider Activity at Ross Stores
In related news, Director Patricia H. Mueller sold 1,881 shares of the firm’s stock in a transaction 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 directly owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This trade represents a 46.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 25,756 shares of company stock valued at $5,521,004. Corporate insiders own 2.10% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Ross Stores
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
