JLB & Associates Inc. Takes $25.79 Million Position in Ross Stores, Inc. $ROST

Key Points

• JLB & Associates initiated a $25.79 million position in Ross Stores during the second quarter, purchasing 121,145 shares. The investment represents approximately 3.4% of the firm’s portfolio and is its seventh-largest holding.
• Ross Stores reported quarterly EPS of $2.02, beating estimates of $1.73, while revenue reached $6.01 billion and rose 20.6% year over year. The company provided fiscal 2026 EPS guidance of $7.50 to $7.74.
• Analysts remain broadly positive, with 16 Buy ratings and five Holds, producing a “Moderate Buy” consensus and an average price target of $244.76. Institutional investors own 86.86% of the company.

JLB & Associates Inc. purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 121,145 shares of the apparel retailer's stock, valued at approximately $25,786,000. Ross Stores accounts for approximately 3.4% of JLB & Associates Inc.'s investment portfolio, making the stock its 7th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Woodline Partners LP boosted its holdings in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer's stock valued at $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer's stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Ross Stores by 35.8% during the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer's stock worth $1,350,000 after purchasing an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer's stock valued at $19,200,000 after purchasing an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC lifted its position in Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer's stock valued at $1,605,000 after purchasing an additional 265 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.5%

Shares of ROST opened at $236.38 on Wednesday. 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 firm's 50-day moving average is $233.98 and its two-hundred day moving average is $221.12. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The firm has a market capitalization of $75.83 billion, a P/E ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Citigroup raised their price target on Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a report on Friday, May 22nd. Guggenheim restated a "buy" rating and issued a $290.00 price target on shares of Ross Stores in a research note on Monday, April 27th. UBS Group reaffirmed a "buy" rating on shares of Ross Stores in a report on Tuesday. Finally, Zacks Research cut Ross Stores from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 4th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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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