Deutsche Bank AG purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,136,574 shares of the apparel retailer's stock, valued at approximately $241,920,000. Deutsche Bank AG owned approximately 0.35% of Ross Stores as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC purchased a new stake in shares of Ross Stores during the 4th quarter worth $26,000. Bard Associates Inc. purchased a new position in Ross Stores in the fourth quarter valued at $31,000. Virtus Advisers LLC purchased a new position in Ross Stores in the fourth quarter valued at $32,000. Bell Investment Advisors Inc acquired a new stake in Ross Stores in the second quarter valued at $43,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores in the fourth quarter valued at $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have issued reports on ROST shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Ross Stores in a report on Monday, July 6th. Citigroup raised their target price on Ross Stores from $261.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. boosted their target price on Ross Stores from $248.00 to $251.00 and gave the stock an "overweight" rating in a research note on Monday, May 18th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $290.00 price target on shares of Ross Stores in a report on Monday, April 27th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.76.
View Our Latest Research Report on Ross Stores
Ross Stores Price Performance
Shares of NASDAQ:ROST opened at $236.38 on Wednesday. The company's fifty day moving average price is $233.98 and its 200 day moving average price is $221.12. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The firm has a market capitalization of $75.83 billion, a P/E ratio of 33.01, a P/E/G ratio of 2.74 and a beta of 0.86.
Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the previous year, the company earned $1.47 earnings per share. Ross Stores's quarterly revenue 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, sell-side analysts predict that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.
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.
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