Ross Stores, Inc. $ROST Shares Sold by Main Street Financial Solutions LLC

Key Points

• Main Street Financial Solutions reduced its Ross Stores stake by 57.7% in the second quarter, selling 5,545 shares and retaining 4,068 shares valued at approximately $866,000.
• Institutional ownership remains high at 86.86%, with major investors including BlackRock, State Street, Bank of America, Morgan Stanley and Norges Bank holding or adding significant positions.
• Ross Stores reported quarterly EPS of $2.02 and revenue of $6.01 billion, beating analyst expectations, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $244.76.

Main Street Financial Solutions LLC lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 57.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,068 shares of the apparel retailer's stock after selling 5,545 shares during the period. Main Street Financial Solutions LLC's holdings in Ross Stores were worth $866,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ROST. BlackRock Inc. bought a new position in Ross Stores during the 2nd quarter worth $5,938,711,000. State Street Corp boosted its holdings in shares of Ross Stores by 0.7% during the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer's stock valued at $2,506,099,000 after acquiring an additional 99,975 shares during the period. Bank of America Corp DE grew its position in shares of 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 grew its position in shares of 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. Finally, Norges Bank acquired a new stake in shares of Ross Stores in the 4th quarter worth about $868,360,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Up 0.5%

Ross Stores stock opened at $236.38 on Wednesday. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The stock has a market cap of $75.83 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.74 and a beta of 0.86. The company's 50-day moving average price is $233.98 and its two-hundred day moving average price is $221.12. 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 issued 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 company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business posted $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, analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ROST has been the subject of several recent analyst reports. Barclays upped their target price on shares of Ross Stores from $242.00 to $260.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. 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. Wall Street Zen lowered Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. Guggenheim reaffirmed a "buy" rating and set a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Finally, UBS Group reiterated a "buy" rating on shares of Ross Stores in a research report on Tuesday. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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