Edmond DE Rothschild Holding S.A. acquired a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,267 shares of the apparel retailer's stock, valued at approximately $1,121,000.
Several other large investors have also modified their holdings of ROST. BlackRock Inc. bought a new position in Ross Stores in the 2nd quarter worth $5,938,711,000. Norges Bank acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $868,360,000. Bank of New York Mellon Corp bought a new position in shares of Ross Stores in the second quarter worth about $385,441,000. Marshall Wace LLP increased its stake in shares of Ross Stores by 1,908.8% in the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer's stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer's stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. 86.86% of the stock is owned by institutional investors.
Ross Stores Price Performance
Shares of NASDAQ:ROST opened at $228.99 on Friday. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00. The firm has a market capitalization of $73.46 billion, a PE ratio of 31.98, a PEG ratio of 2.61 and a beta of 0.86. The business's 50 day moving average is $233.83 and its 200-day moving average is $221.74. 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 (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. The business had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.16 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.56 earnings per share. Sell-side analysts predict that Ross Stores, Inc. will post 7.81 earnings per share for the current year.
Ross Stores Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is presently 24.86%.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Citigroup increased their target price on Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Zacks Research cut Ross Stores from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Wall Street Zen downgraded shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 20th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein reiterated a "market perform" rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of "Moderate Buy" and an average price target of $244.76.
Read Our Latest Stock Report on ROST
Trending Headlines about Ross Stores
Here are the key news stories impacting Ross Stores this week:
- Positive Sentiment: Second-quarter sales increased 13.3% year over year to approximately $6.3 billion, while comparable-store sales rose 10% as customer traffic strengthened. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
- Positive Sentiment: Reported diluted EPS reached $2.66, up sharply from $1.56 a year earlier and well above consensus estimates near $1.93-$1.94. Several reports characterized the quarter as a double beat on earnings and revenue. Ross Stores Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Ross raised fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the approximately $7.31 consensus cited in the reports. Third-quarter guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Raises Annual Profit Forecast Again
- Positive Sentiment: The company increased its fiscal-year store-opening plan to 115 locations after opening 47 stores during the quarter, supporting longer-term revenue growth.
- Neutral Sentiment: Ross declared its regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend provides ongoing shareholder returns but was not a major change to the investment outlook. Ross Stores Announces Quarterly Dividend
- Negative Sentiment: About $253 million of the quarter’s operating income came from IEEPA tariff refunds. Investors may discount some of the earnings upside because tariff-related benefits could be nonrecurring, leaving underlying margins and demand as key areas to monitor.
- Negative Sentiment: ROST remains near its 52-week high and trades at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after a strong report. Pre-earnings options activity also showed elevated put demand and implied volatility.
Ross Stores Company Profile
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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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