Ross Stores, Inc. $ROST Shares Sold by Sarasin & Partners LLP

Sarasin & Partners LLP reduced its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 79.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,285 shares of the apparel retailer's stock after selling 67,888 shares during the period. Sarasin & Partners LLP's holdings in Ross Stores were worth $3,679,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ethic Inc. grew its stake in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after acquiring an additional 4,847 shares in the last quarter. National Pension Service lifted its stake in shares of Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after acquiring an additional 754,816 shares in the last quarter. CWM LLC lifted its stake in shares of Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer's stock worth $8,114,000 after acquiring an additional 17,090 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores in the fourth quarter valued at about $204,750,000. Finally, Jefferies Financial Group Inc. boosted its holdings in Ross Stores by 744.8% in the fourth quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer's stock valued at $38,131,000 after purchasing an additional 186,619 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.4%

Shares of NASDAQ ROST opened at $254.31 on Friday. The stock's 50 day moving average price is $231.19 and its two-hundred day moving average price is $217.86. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The stock has a market capitalization of $81.58 billion, a P/E ratio of 35.52, a PEG ratio of 2.84 and a beta of 0.86. 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 issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS 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 company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same quarter last year, the firm earned $1.47 EPS. The business's revenue 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, analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROST shares. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $248.00 to $251.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Sanford C. Bernstein reissued a "market perform" rating and set a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. The Goldman Sachs Group restated a "buy" rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Zacks Research cut shares of Ross Stores from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ross Stores in a research note on Monday, July 6th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $239.12.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source