Korea Investment CORP purchased a new position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 319,813 shares of the apparel retailer’s stock, valued at approximately $68,072,000. Korea Investment CORP owned about 0.10% of Ross Stores at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in ROST. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores during the fourth quarter worth about $26,000. Bard Associates Inc. bought a new stake in Ross Stores in the fourth quarter valued at about $31,000. Virtus Advisers LLC bought a new stake in Ross Stores in the fourth quarter valued at about $32,000. Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores during the fourth quarter valued at approximately $38,000. Finally, Salomon & Ludwin LLC raised its stake in Ross Stores by 89.0% during the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock valued at $42,000 after buying an additional 105 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.
More Ross Stores News
Here are the key news stories impacting Ross Stores this week:
- Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
- Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
- Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
- Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
- Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Ross Stores
Ross Stores Stock Performance
ROST stock opened at $239.04 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The stock has a market capitalization of $76.68 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.30 and a beta of 0.86. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The stock’s fifty day moving average is $233.81 and its two-hundred day moving average is $221.86.
Ross Stores (NASDAQ:ROST – Get Free Report) last announced its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 earnings per share. On average, research analysts predict that Ross Stores, Inc. will post 7.81 EPS for the current year.
Ross Stores Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s payout ratio is presently 21.55%.
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.
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