ABN AMRO Bank N.V. Buys Shares of 5,902 Ross Stores, Inc. $ROST

Key Points

• ABN AMRO Bank initiated a position in Ross Stores during the second quarter, purchasing 5,902 shares valued at approximately $1.25 million. Institutional investors and hedge funds collectively own 86.86% of the company.
• Analyst sentiment remains positive, with 15 Buy ratings and six Hold ratings, resulting in a consensus “Moderate Buy” rating and a $240 price target.
• Ross Stores reported quarterly EPS of $2.02, exceeding estimates by $0.29, while revenue rose 20.6% year over year to $6.01 billion. The company also announced a quarterly dividend of $0.445 per share, representing a 0.7% annualized yield.

ABN AMRO Bank N.V. purchased a new stake 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 and Exchange Commission (SEC). The firm purchased 5,902 shares of the apparel retailer's stock, valued at approximately $1,254,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $868,360,000. Marshall Wace LLP lifted its stake in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer's stock valued at $276,857,000 after buying an additional 1,726,324 shares in the last quarter. Bank of America Corp DE grew its holdings in Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer's stock valued at $1,222,523,000 after buying an additional 1,657,008 shares during the last quarter. Viking Global Investors LP grew its holdings in Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer's stock valued at $570,590,000 after buying an additional 1,143,611 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores during the fourth quarter worth $204,750,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ROST shares. Zacks Research cut Ross Stores from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Morgan Stanley set a $231.00 target price on shares of Ross Stores in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Citigroup lifted their price target on shares of Ross Stores from $261.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $240.00.

Ross Stores Stock Performance

NASDAQ:ROST opened at $245.36 on Friday. The company has a market cap of $78.71 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.74 and a beta of 0.86. The firm's 50 day moving average is $233.68 and its two-hundred day moving average is $220.19. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two 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.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping 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 business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the firm posted $1.47 EPS. The business's revenue for the quarter was up 20.6% on a year-over-year basis. 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 expect that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. Ross Stores's payout ratio is presently 24.86%.

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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