13,192 Shares in Ross Stores, Inc. $ROST Acquired by HBK Sorce Advisory LLC

Key Points

• HBK Sorce Advisory LLC acquired 13,192 Ross Stores shares during the second quarter, valued at approximately $3.34 million. Institutional investors collectively own 86.86% of the company.
• Ross Stores reported stronger-than-expected quarterly results, with EPS of $2.02 and revenue of $6.01 billion; revenue increased 20.6% year over year. The company guided to fiscal 2026 EPS of $7.50–$7.74.
• The company paid a quarterly dividend of $0.445 per share, or $1.78 annualized, representing a 0.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $240.

HBK Sorce Advisory LLC bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,192 shares of the apparel retailer's stock, valued at approximately $3,341,000.

Other large investors have also added to or reduced their stakes in the company. Cooper Financial Group increased its stake in shares of Ross Stores by 2.8% in the second quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer's stock worth $409,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance lifted its stake in shares of Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer's stock valued at $596,000 after buying an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC lifted its stake in shares of Ross Stores by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer's stock valued at $172,000 after buying an additional 55 shares in the last quarter. MCF Advisors LLC boosted its holdings in Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer's stock worth $233,000 after buying an additional 57 shares during the period. Finally, Caxton Associates LLP boosted its holdings in Ross Stores by 4.3% in the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer's stock worth $308,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Price Performance

Shares of ROST stock opened at $245.36 on Monday. The stock has a market cap of $78.71 billion, a P/E ratio of 34.27, a PEG ratio of 2.74 and a beta of 0.86. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $233.68 and its two-hundred day simple moving average is $220.42.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data 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 return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the business posted $1.47 earnings per share. The business'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. Analysts predict that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $0.445 dividend. The ex-dividend date of this dividend 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 presently 24.86%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ROST. Wells Fargo & Company cut Ross Stores from an "overweight" rating to an "equal weight" rating and set a $245.00 price target on the stock. in a report on Tuesday, June 23rd. Morgan Stanley set a $231.00 price objective on Ross Stores in a research note on Wednesday, August 5th. Barclays increased their target price on Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Guggenheim reissued a "buy" rating and set a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and an average price target of $240.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source