Chicago Partners Investment Group LLC raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 105.5% in the first quarter, Holdings Channel.com reports. The fund owned 6,882 shares of the apparel retailer’s stock after buying an additional 3,533 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Ross Stores were worth $1,558,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in ROST. Norges Bank purchased a new position in shares of Ross Stores in the 4th quarter worth about $868,360,000. Marshall Wace LLP grew its holdings in shares of Ross Stores by 1,908.8% during the 3rd 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 during the period. Bank of America Corp DE grew its holdings in shares of 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 worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Viking Global Investors LP increased its position in Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Ross Stores during the 4th quarter worth approximately $204,750,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ROST. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. increased their price objective 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. Truist Financial raised their target price on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. 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. Finally, Telsey Advisory Group upped their price target on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $233.18.
Ross Stores Stock Performance
Shares of NASDAQ:ROST opened at $220.93 on Wednesday. The company has a market cap of $70.87 billion, a P/E ratio of 30.86, a PEG ratio of 2.46 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores, Inc. has a one year low of $126.32 and a one year high of $242.81. The business’s 50-day simple moving average is $223.95 and its 200 day simple moving average is $211.08.
Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly 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. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates 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 for the quarter was up 20.6% on a year-over-year basis. 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. On average, sell-side analysts forecast that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.
Ross Stores Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s payout ratio is presently 24.86%.
Ross Stores 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.
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