Ontario Teachers Pension Plan Board Makes New $34.87 Million Investment in Ross Stores, Inc. $ROST

Key Points

• Ontario Teachers Pension Plan Board bought 163,810 Ross Stores shares worth approximately $34.87 million during the second quarter, giving it a roughly 0.05% stake.
• Institutional investors own 86.86% of Ross Stores, while analyst sentiment remains favorable with a consensus “Moderate Buy” rating and an average price target of $244.76, despite some recent downgrades.
• Ross Stores exceeded quarterly expectations, reporting $2.02 in adjusted earnings per share and $6.01 billion in revenue, with revenue up 20.6% year over year.

Ontario Teachers Pension Plan Board bought a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 163,810 shares of the apparel retailer's stock, valued at approximately $34,867,000. Ontario Teachers Pension Plan Board owned about 0.05% of Ross Stores as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hilton Head Capital Partners LLC purchased a new position in Ross Stores in the fourth quarter worth about $26,000. Bard Associates Inc. purchased a new stake in Ross Stores during the fourth quarter valued at approximately $31,000. Virtus Advisers LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $32,000. Bell Investment Advisors Inc bought a new stake in shares of Ross Stores in the 2nd quarter valued at approximately $43,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Ross Stores in the 4th quarter valued at approximately $38,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROST has been the topic of several analyst reports. Wells Fargo & Company downgraded Ross Stores from an "overweight" rating to an "equal weight" rating and set a $245.00 target price on the stock. in a research report on Tuesday, June 23rd. Wall Street Zen downgraded Ross Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 20th. Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. The Goldman Sachs Group reiterated a "buy" rating and set a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Citigroup increased their target price on shares of Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 22nd. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $244.76.

Ross Stores Trading Up 0.5%

ROST opened at $236.38 on Wednesday. The stock has a market cap of $75.83 billion, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.74 and a beta of 0.86. The stock's 50 day moving average price is $233.98 and its 200-day moving average price is $221.12. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. 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 issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the business posted $1.47 earnings per share. The company's revenue for the quarter 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. On average, equities analysts forecast that Ross Stores, Inc. will post 7.78 EPS for the current year.

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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