Quantinno Capital Management LP Purchases 240,636 Shares of Ross Stores, Inc. $ROST

Quantinno Capital Management LP lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 275.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 327,865 shares of the apparel retailer’s stock after purchasing an additional 240,636 shares during the quarter. Quantinno Capital Management LP’s holdings in Ross Stores were worth $71,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in Ross Stores in the fourth quarter worth $868,360,000. Marshall Wace LLP increased its holdings in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after buying an additional 1,726,324 shares during the period. Bank of America Corp DE increased its holdings in Ross Stores by 20.9% in 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 buying an additional 1,657,008 shares during the period. Viking Global Investors LP raised its stake in shares of Ross Stores by 56.5% in the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after buying an additional 1,143,611 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Ross Stores in the 4th quarter valued at $204,750,000. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Performance

Ross Stores stock opened at $251.03 on Wednesday. The firm has a market capitalization of $80.53 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.73 and a beta of 0.87. The stock has a fifty day moving average price of $227.84 and a two-hundred day moving average price of $214.88. Ross Stores, Inc. has a 52-week low of $134.37 and a 52-week high of $252.09. 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:ROSTGet Free Report) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company earned $1.47 EPS. The firm’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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, analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $0.445 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores’s payout ratio is 24.86%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Guggenheim reaffirmed a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Get Our Latest Stock Analysis on Ross Stores

About Ross Stores

(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.

See Also

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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