Citizens Financial Group Inc. RI Acquires Shares of 8,146 Ross Stores, Inc. $ROST

Key Points

• Citizens Financial Group acquired 8,146 shares of Ross Stores during the second quarter, valued at approximately $1.7 million. Institutional investors and hedge funds collectively own 86.86% of the company.
• Analyst sentiment remains favorable, with 15 Buy ratings and six Holds. Ross Stores has a consensus rating of “Moderate Buy” and an average price target of $244.76.
• Ross Stores reported quarterly earnings of $2.02 per share, exceeding estimates by $0.29, while revenue rose 20.6% year over year to $6.01 billion. The company also declared a quarterly dividend of $0.445 per share, representing a 0.8% annualized yield.

Citizens Financial Group Inc. RI acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,146 shares of the apparel retailer's stock, valued at approximately $1,734,000.

Other institutional investors have also made changes to their positions in the company. Ethic Inc. grew its stake in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after acquiring an additional 4,847 shares in the last quarter. CWM LLC increased its position in shares of Ross Stores by 61.1% during the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer's stock worth $8,114,000 after acquiring an additional 17,090 shares during the last quarter. National Pension Service lifted its stake in shares of Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after acquiring an additional 754,816 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Ross Stores in the fourth quarter worth about $204,750,000. Finally, 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 valued at $2,656,000 after purchasing an additional 7,353 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROST shares. Guggenheim restated a "buy" rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Zacks Research lowered Ross Stores from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Truist Financial increased their target price on Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Telsey Advisory Group raised their price target on shares of Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. 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, Ross Stores currently has an average rating of "Moderate Buy" and a consensus price target of $244.76.

Ross Stores Stock Performance

Shares of ROST stock opened at $235.28 on Tuesday. The stock has a market capitalization of $75.47 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.74 and a beta of 0.86. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. The company's 50-day simple moving average is $233.84 and its 200-day simple moving average is $220.77. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the company earned $1.47 earnings per share. Ross Stores's quarterly revenue was up 20.6% on a year-over-year basis. 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 analysts anticipate that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores's payout ratio is 24.86%.

Ross Stores 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