Ross Stores, Inc. $ROST Shares Sold by ABN Amro Investment Solutions

Key Points

• ABN Amro Investment Solutions cut its Ross Stores stake by 27.1% in the first quarter, selling 10,591 shares and leaving it with 28,521 shares valued at about $6.18 million.
• Ross Stores reported strong quarterly results, with earnings of $2.02 per share and revenue of $6.01 billion, both above analyst expectations. Revenue rose 20.6% year over year, and the company reaffirmed FY 2026 guidance of $7.50 to $7.74 EPS.
• Wall Street remains mostly constructive on the stock, with a consensus “Moderate Buy” rating and average price target of $233.18. Shares were trading near their 52-week high at $238.21, and the company also paid a quarterly dividend of $0.445 per share.

ABN Amro Investment Solutions reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 27.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,521 shares of the apparel retailer's stock after selling 10,591 shares during the quarter. ABN Amro Investment Solutions' holdings in Ross Stores were worth $6,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its holdings in 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 in the last quarter. Bank of America Corp DE boosted its position in Ross Stores by 20.9% during 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 acquiring an additional 1,657,008 shares during the last quarter. Morgan Stanley boosted its position in Ross Stores by 1.5% during the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer's stock worth $979,384,000 after acquiring an additional 79,519 shares during the last quarter. Norges Bank purchased a new stake in Ross Stores in the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP grew its stake in Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer's stock worth $605,704,000 after acquiring an additional 426,370 shares during the period. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Price Performance

ROST stock opened at $238.21 on Thursday. The firm has a market cap of $76.41 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. 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, Inc. has a 1 year low of $134.37 and a 1 year high of $242.81. The stock has a 50-day simple moving average of $225.53 and a 200-day simple moving average of $213.32.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.64 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 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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, equities analysts predict that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.7%. Ross Stores's dividend payout ratio is 24.86%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Guggenheim reiterated a "buy" rating and set a $290.00 target price on shares of Ross Stores in a research report on Monday, April 27th. JPMorgan Chase & Co. lifted their price target on Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Barclays boosted their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an "overweight" rating in a report on Tuesday, May 26th. Telsey Advisory Group upped their price target on shares of Ross Stores from $240.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 22nd. Finally, Wells Fargo & Company downgraded Ross Stores from an "overweight" rating to an "equal weight" rating and set a $245.00 price objective for the company. in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $233.18.

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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