Callan Family Office LLC purchased a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 53,914 shares of the apparel retailer's stock, valued at approximately $11,476,000.
Several other institutional investors also recently modified their holdings of ROST. Ethic Inc. lifted its holdings in shares of Ross Stores by 25.6% in the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after purchasing an additional 4,847 shares in the last quarter. National Pension Service lifted its holdings in shares of Ross Stores by 138.4% during the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock valued at $234,192,000 after buying an additional 754,816 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Ross Stores in the fourth quarter worth approximately $204,750,000. NewEdge Wealth LLC boosted its holdings in Ross Stores by 99.5% in the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer's stock worth $2,656,000 after purchasing an additional 7,353 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Ross Stores by 33.2% during the 4th quarter. CIBC Asset Management Inc now owns 136,426 shares of the apparel retailer's stock worth $24,576,000 after acquiring an additional 33,995 shares in the last quarter. Institutional investors own 86.86% of the company's stock.
Ross Stores Stock Performance
Shares of NASDAQ:ROST opened at $239.04 on Friday. 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 stock has a market capitalization of $76.68 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.30 and a beta of 0.86. The business has a 50-day moving average price of $233.81 and a two-hundred day moving average price of $221.86. 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 announced its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. Ross Stores's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.56 earnings per share. Equities analysts predict that Ross Stores, Inc. will post 7.81 earnings per share for the current year.
Ross Stores Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is currently 21.55%.
Analysts Set New Price Targets
ROST has been the subject of several recent analyst reports. Guggenheim reaffirmed a "buy" rating and set a $290.00 price objective on shares of Ross Stores in a report on Monday, April 27th. Weiss Ratings reissued a "buy (b)" rating on shares of Ross Stores in a report on Monday, July 6th. Zacks Research cut shares of Ross Stores from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Morgan Stanley increased their price objective on Ross Stores from $231.00 to $234.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $262.00 to $272.00 and gave the stock an "overweight" rating in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $263.76.
Read Our Latest Report on Ross Stores
More Ross Stores News
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 Profile
(
Free Report)
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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