Bank of New York Mellon Corp Takes Position in Ross Stores, Inc. $ROST

Bank of New York Mellon Corp bought a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,810,858 shares of the apparel retailer's stock, valued at approximately $385,441,000. Bank of New York Mellon Corp owned 0.56% of Ross Stores as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Private Advisory Group LLC acquired a new position in Ross Stores in the 2nd quarter valued at about $225,000. Focus Partners Advisor Solutions LLC purchased a new position in Ross Stores in the 2nd quarter valued at $2,194,000. State of Wyoming acquired a new stake in shares of Ross Stores in the 2nd quarter worth $783,000. ABN AMRO Bank N.V. acquired a new stake in shares of Ross Stores in the 2nd quarter worth $1,254,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Ross Stores in the second quarter valued at about $2,353,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Key Headlines Impacting Ross Stores

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

Ross Stores Trading Up 4.4%

Shares of Ross Stores stock opened at $239.04 on Friday. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two week high of $257.00. The business's fifty day moving average is $233.81 and its two-hundred day moving average is $221.86. 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 firm has a market cap of $76.68 billion, a PE ratio of 28.94, a P/E/G ratio of 2.30 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a return on equity of 40.28% and a net margin of 10.85%.The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.56 earnings per share. Analysts anticipate that Ross Stores, Inc. will post 7.81 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores's dividend payout ratio (DPR) is presently 21.55%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $262.00 to $272.00 and gave the stock an "overweight" rating in a research note on Friday. Wells Fargo & Company raised their price objective on shares of Ross Stores from $245.00 to $248.00 and gave the company an "equal weight" rating in a research report on Friday. UBS Group lifted their price objective on Ross Stores from $232.00 to $239.00 and gave the company a "neutral" rating in a report on Friday. Guggenheim restated a "buy" rating and issued a $290.00 price target on shares of Ross Stores in a research note on Monday, April 27th. Finally, Truist Financial lifted their price target on Ross Stores from $290.00 to $310.00 and gave the company a "buy" rating in a research note on Friday. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.76.

About Ross Stores

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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