BlackRock Inc. Takes $5.94 Billion Position in Ross Stores, Inc. $ROST

Key Points

• BlackRock acquired 27.9 million Ross Stores shares worth approximately $5.94 billion, giving it an 8.7% stake. Institutional investors collectively own 86.86% of the retailer.
• Ross Stores reported quarterly EPS of $2.02 and revenue of $6.01 billion, beating analyst estimates while revenue increased 20.6% year over year. The company guided for fiscal 2026 EPS of $7.50–$7.74.
• Analysts maintain a favorable outlook, with 15 Buy ratings and six Holds; the stock has an average target price of $244.76. Ross also declared a quarterly dividend of $0.445 per share, representing a 0.8% annualized yield.

BlackRock Inc. purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,900,923 shares of the apparel retailer's stock, valued at approximately $5,938,711,000. BlackRock Inc. owned 8.70% of Ross Stores at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROST. Cooper Financial Group increased its holdings in shares of Ross Stores by 2.8% in the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer's stock valued at $409,000 after purchasing an additional 52 shares during the period. Independent Advisor Alliance lifted its position in Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer's stock worth $596,000 after buying an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer's stock worth $172,000 after buying an additional 55 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Ross Stores by 4.6% during the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer's stock valued at $233,000 after buying an additional 57 shares during the period. Finally, Caxton Associates LLP grew its holdings in shares of Ross Stores by 4.3% during the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer's stock valued at $308,000 after acquiring an additional 58 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Down 4.1%

Ross Stores stock opened at $235.28 on Tuesday. The company has a market capitalization of $75.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86. The firm's fifty day simple moving average is $233.84 and its 200-day simple moving average is $220.77. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00.

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, beating the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion during 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%. Ross Stores's quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. Sell-side analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores's dividend payout ratio is presently 24.86%.

Analyst Ratings Changes

Several brokerages recently issued reports on ROST. Telsey Advisory Group increased their price objective on Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a report on Friday. Guggenheim restated a "buy" rating and issued a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Barclays upped their target price on Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. Citigroup raised their price target on Ross Stores from $261.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, May 22nd. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $244.76.

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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