GSA Capital Partners LLP Purchases Shares of 11,057 Ross Stores, Inc. $ROST

Key Points

• GSA Capital Partners acquired 11,057 Ross Stores shares in the second quarter, valued at approximately $2.35 million. Institutional investors and hedge funds collectively own 86.86% of the company.
• Ross Stores reported quarterly earnings of $2.02 per share, exceeding estimates of $1.73, while revenue rose 20.6% year over year to $6.01 billion.
• The stock opened at $245.36, and analysts maintain a generally positive outlook with a “Moderate Buy” consensus rating and an average price target of $240. The company also pays a quarterly dividend of $0.445 per share, yielding about 0.7%.

GSA Capital Partners LLP acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,057 shares of the apparel retailer's stock, valued at approximately $2,353,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its position in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer's stock valued at $2,506,099,000 after purchasing an additional 99,975 shares during the last quarter. Bank of America Corp DE increased its holdings in 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 valued at $1,222,523,000 after buying an additional 1,657,008 shares during the last quarter. Morgan Stanley increased its holdings in Ross Stores by 1.5% in the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer's stock valued at $979,384,000 after buying an additional 79,519 shares during the last quarter. Norges Bank acquired a new stake in Ross Stores in the fourth quarter valued at $868,360,000. Finally, Viking Global Investors LP lifted its holdings in Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer's stock worth $605,704,000 after buying an additional 426,370 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Up 0.2%

Shares of NASDAQ ROST opened at $245.36 on Friday. The stock has a market cap of $78.71 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The business has a 50-day moving average price of $233.68 and a 200 day moving average price of $220.19. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted 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. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company's revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 earnings per share. 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 research analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores's dividend payout ratio is currently 24.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ROST shares. Truist Financial increased 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $257.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Wall Street Zen downgraded Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. The Goldman Sachs Group reiterated a "buy" rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Morgan Stanley set a $231.00 price objective on shares of Ross Stores in a report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Ross Stores has an average rating of "Moderate Buy" and an average price target of $240.00.

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.

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