Panagora Asset Management Inc. Increases Position in Ross Stores, Inc. $ROST

Posted by Francis Steltz on Jun 16th, 2026

Panagora Asset Management Inc. boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 610.2% during the fourth quarter, Holdings Channel reports. The firm owned 269,392 shares of the apparel retailer’s stock after buying an additional 231,458 shares during the quarter. Panagora Asset Management Inc.’s holdings in Ross Stores were worth $48,528,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ROST. Norges Bank purchased a new stake in Ross Stores during the fourth quarter worth $868,360,000. Holocene Advisors LP purchased a new stake in Ross Stores during the third quarter worth $351,763,000. Marshall Wace LLP boosted its position in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares in the last quarter. Bank of America Corp DE increased its holdings in Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores during the 4th quarter valued at about $204,750,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROST has been the subject of several recent research reports. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Guggenheim restated a “buy” rating and set a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Barclays raised their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus target price of $233.18.

Check Out Our Latest Stock Analysis on Ross Stores

Insider Transactions at Ross Stores

In other news, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction dated 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 sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

NASDAQ:ROST opened at $236.77 on Tuesday. The company has a market capitalization of $75.95 billion, a P/E ratio of 33.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $242.81. 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 has a 50-day moving average price of $225.30 and a two-hundred day moving average price of $204.97.

Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.47 earnings per share. 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, research analysts expect that Ross Stores, Inc. will post 7.74 earnings per share 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. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. The ex-dividend date is 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%.

Ross Stores 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.