BI Asset Management Fondsmaeglerselskab A S Increases Holdings in Ross Stores, Inc. $ROST

Key Points

• BI Asset Management Fondsmaeglerselskab A S boosted its Ross Stores stake by 155.7% in the fourth quarter, ending with 103,904 shares worth about $18.7 million.
• Ross Stores reported strong quarterly results, with EPS of $2.02 and revenue of $6.01 billion, both above analyst estimates, while revenue rose 20.6% year over year.
• Wall Street sentiment remains positive: several firms raised price targets, and the company also announced a quarterly dividend of $0.445 per share to be paid on June 30.

BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 155.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 103,904 shares of the apparel retailer's stock after buying an additional 63,276 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Ross Stores were worth $18,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Ross Stores by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer's stock valued at $1,487,720,000 after buying an additional 180,182 shares during the period. Norges Bank purchased a new stake in shares of Ross Stores in the 4th quarter valued at $868,360,000. Viking Global Investors LP raised its holdings in shares of Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer's stock valued at $605,704,000 after buying an additional 426,370 shares during the period. Invesco Ltd. raised its holdings in shares of Ross Stores by 5.7% in the 3rd quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer's stock valued at $709,518,000 after buying an additional 252,284 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of Ross Stores by 10.2% in the 3rd quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer's stock valued at $616,470,000 after buying an additional 375,470 shares during the period. Hedge funds and other institutional investors own 86.86% of the company's stock.

Trending Headlines about Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Zacks Research increased several EPS forecasts for Ross Stores, signaling improved profit expectations across 2027-2029. Buy 5 Stocks With High ROE as Markets Swing on War Skirmishes
• Positive Sentiment: The stock is being highlighted as a high-ROE, cash-generating retailer, which can attract investors looking for quality and stability during market volatility. Buy 5 Stocks With High ROE as Markets Swing on War Skirmishes
• Positive Sentiment: Ross Stores recently beat quarterly expectations, reporting EPS and revenue above estimates, which reinforces confidence in its operating momentum.
• Neutral Sentiment: Recent articles question how the investment narrative is evolving and compare Ross Stores with peers like Ollie’s Bargain Outlet, but these pieces are more commentary than new company-specific catalysts. How The Ross Stores (ROST) Investment Narrative Is Evolving Without New Analyst Targets
• Neutral Sentiment: Coverage also notes Ross Stores is outperforming the consumer discretionary sector, but this mainly reflects relative strength already supported by analyst optimism. Ross Stores Stock: Is ROST Outperforming the Consumer Discretionary Sector?

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $230.37 on Friday. The stock's 50-day moving average is $223.03 and its two-hundred day moving average is $201.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. Ross Stores, Inc. has a 1-year low of $124.49 and a 1-year high of $237.41. The company has a market cap of $73.90 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business's quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. Analysts forecast that Ross Stores, Inc. will post 7.73 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend 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 currently 24.86%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROST. Citigroup boosted their price objective on Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Telsey Advisory Group boosted their price objective on Ross Stores from $240.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, May 22nd. Truist Financial boosted their price objective on Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a report on Friday, May 22nd. UBS Group upped their price target on Ross Stores from $227.00 to $232.00 and gave the stock a "neutral" rating in a report on Friday, May 22nd. Finally, Barclays upped their price target on Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $233.18.

Insider Transactions at Ross Stores

In related news, COO Michael J. Hartshorn sold 15,813 shares of the company's stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value 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. This represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 trade represents a 46.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is currently owned by corporate insiders.

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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