Pinnbrook Capital Management LP Makes New $8.43 Million Investment in Ross Stores, Inc. $ROST

Pinnbrook Capital Management LP bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) in the second quarter, Holdings Channel reports. The fund bought 39,593 shares of the apparel retailer’s stock, valued at approximately $8,427,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Woodline Partners LP lifted its holdings in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after buying an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after acquiring an additional 2,792 shares during the period. Treasurer of the State of North Carolina increased its holdings in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC lifted its stake in Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after purchasing an additional 265 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

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Ross Stores Trading Up 4.4%

Shares of Ross Stores stock opened at $239.04 on Friday. 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, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The firm has a market cap of $76.68 billion, a PE ratio of 28.94, a PEG ratio of 2.40 and a beta of 0.86. The company has a 50 day simple moving average of $233.81 and a two-hundred day simple moving average of $221.86.

Ross Stores (NASDAQ:ROST – Get Free Report) last issued its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 EPS. Analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.7%. Ross Stores’s payout ratio is 21.55%.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ROST. Robert W. Baird raised their price target on shares of Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday. Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company increased their price objective on Ross Stores from $245.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Friday. Barclays lifted their price objective on Ross Stores from $260.00 to $298.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup upped their target price on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $263.76.

View Our Latest Stock Analysis on Ross Stores

Ross Stores Company 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.

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