6,000 Shares in Ross Stores, Inc. $ROST Bought by Capital Management Associates NY

Key Points

• Capital Management Associates NY initiated a new position in Ross Stores, buying 6,000 shares worth about $1.08 million in the fourth quarter.
• Several other institutional investors also increased their stakes, and institutions now own 86.86% of Ross Stores’ shares.
• Analysts remain constructive on the stock: the consensus rating is Moderate Buy, with an average price target of $230.88, while Ross Stores recently beat earnings estimates and raised guidance.

Capital Management Associates NY bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,000 shares of the apparel retailer's stock, valued at approximately $1,081,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE grew its stake in shares of Ross Stores by 1.9% during the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer's stock worth $1,487,720,000 after purchasing an additional 180,182 shares in the last quarter. Viking Global Investors LP lifted its position in Ross Stores by 9.9% in the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer's stock valued at $605,704,000 after acquiring an additional 426,370 shares during the last quarter. Invesco Ltd. lifted its position in Ross Stores by 5.7% in the third quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer's stock valued at $709,518,000 after acquiring an additional 252,284 shares during the last quarter. First Trust Advisors LP lifted its position in Ross Stores by 10.2% in the third quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer's stock valued at $616,470,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Marshfield Associates lifted its position in Ross Stores by 4.1% in the third quarter. Marshfield Associates now owns 4,020,413 shares of the apparel retailer's stock valued at $612,671,000 after acquiring an additional 157,385 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $270.00 price target on shares of Ross Stores in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Ross Stores from $235.00 to $245.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup boosted their price target on shares of Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a research report on Friday. UBS Group boosted their price target on shares of Ross Stores from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Friday. Finally, Telsey Advisory Group boosted their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $230.88.

Insider Activity

In other news, Director Patricia H. Mueller sold 1,881 shares of the company's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total value of $400,897.53. Following the completion of the sale, the director directly owned 2,159 shares of the company's stock, valued at approximately $460,147.67. This represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Michael J. Hartshorn sold 15,813 shares of the company's stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares of the company's stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 25,756 shares of company stock valued at $5,521,004. Insiders own 2.10% of the company's stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $234.81 on Tuesday. The company has a 50-day simple moving average of $219.56 and a 200-day simple moving average of $197.81. Ross Stores, Inc. has a one year low of $124.49 and a one year high of $235.80. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.58. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 3.11 and a beta of 0.87.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS 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 39.02%. The business had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.64 billion. During the same period in the prior year, the company earned $1.47 earnings per share. The business's 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. On average, analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores's dividend payout ratio is presently 24.86%.

Ross Stores 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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