Beacon Investment Advisory Services Inc. Cuts Holdings in Ross Stores, Inc. $ROST

Key Points

• Beacon Investment Advisory Services cut its Ross Stores stake by 4.7% in the second quarter, selling 7,285 shares and retaining 146,715 shares valued at approximately $31.2 million.
• Institutional ownership remains high at 86.86%, with several major investors—including Bank of America, Viking Global Investors and State Street—recently increasing their positions.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $239.12. Ross Stores recently exceeded quarterly earnings and revenue estimates, reporting $2.02 in EPS and $6.01 billion in revenue.

Beacon Investment Advisory Services Inc. reduced its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,715 shares of the apparel retailer's stock after selling 7,285 shares during the period. Ross Stores accounts for about 1.2% of Beacon Investment Advisory Services Inc.'s investment portfolio, making the stock its 27th biggest position. Beacon Investment Advisory Services Inc.'s holdings in Ross Stores were worth $31,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROST. State Street Corp increased its stake in Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer's stock worth $2,506,099,000 after acquiring an additional 99,975 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 acquiring an additional 1,657,008 shares during the last quarter. Morgan Stanley grew its holdings in shares of Ross Stores by 1.5% in the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer's stock valued at $979,384,000 after purchasing an additional 79,519 shares in the last quarter. Norges Bank bought a new stake in Ross Stores in the fourth quarter worth $868,360,000. Finally, Viking Global Investors LP increased 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 worth $605,704,000 after purchasing an additional 426,370 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on ROST shares. Zacks Research lowered shares of Ross Stores from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Sanford C. Bernstein restated a "market perform" rating and set a $230.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Wall Street Zen downgraded shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. Barclays lifted their price target on Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their price objective on Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a research report on Monday, May 18th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $239.12.

Ross Stores Price Performance

ROST stock opened at $255.23 on Friday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $231.66 and a 200 day moving average price of $218.12. The stock has a market cap of $81.87 billion, a PE ratio of 35.65, a P/E/G ratio of 2.85 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.47 EPS. 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. Equities research analysts anticipate that Ross Stores, Inc. will post 7.76 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST - Free Report).

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