Portfolio Design Labs LLC raised its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 43.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,852 shares of the apparel retailer’s stock after purchasing an additional 3,920 shares during the quarter. Portfolio Design Labs LLC’s holdings in Ross Stores were worth $2,315,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Alteri Wealth LLC increased its stake in shares of Ross Stores by 5.7% in the fourth quarter. Alteri Wealth LLC now owns 4,102 shares of the apparel retailer’s stock valued at $739,000 after buying an additional 220 shares during the period. Focus Partners Advisor Solutions LLC increased its stake in shares of Ross Stores by 30.1% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 8,361 shares of the apparel retailer’s stock valued at $1,506,000 after buying an additional 1,934 shares during the period. Waddell & Associates LLC acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $468,000. Fox Run Management L.L.C. acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $590,000. Finally, TIAA Trust National Association increased its stake in shares of Ross Stores by 2.9% in the fourth quarter. TIAA Trust National Association now owns 7,940 shares of the apparel retailer’s stock valued at $1,430,000 after buying an additional 223 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on ROST shares. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Wall Street Zen raised Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Citigroup increased their price target on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. UBS Group increased their price target on Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. Finally, 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 note on Monday, May 18th. One investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $233.18.
Ross Stores Trading Up 0.9%
NASDAQ ROST opened at $229.45 on Wednesday. The business has a 50 day simple moving average of $223.65 and a 200 day simple moving average of $203.12. Ross Stores, Inc. has a one year low of $124.49 and a one year high of $237.41. The stock has a market capitalization of $73.60 billion, a P/E ratio of 32.05, a P/E/G ratio of 2.56 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.
Ross Stores (NASDAQ:ROST – Get Free Report) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the firm posted $1.47 earnings per share. The firm’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. Research analysts expect that Ross Stores, Inc. will post 7.73 earnings per share for the current year.
Ross Stores Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 24.86%.
Insider Activity at Ross Stores
In related news, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total value of $1,174,980.40. Following the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at $22,331,883.20. This represents a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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 Stories
- Five stocks we like better than Ross Stores
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
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.
