SBI Okasan Asset Management Co.Ltd. Takes $1.88 Million Position in Ross Stores, Inc. $ROST

Key Points

• SBI Okasan Asset Management opened a new position in Ross Stores during the fourth quarter, buying 10,400 shares worth about $1.88 million.
• Ross Stores reported a strong latest quarter, with EPS of $2.02 and revenue of $6.01 billion, both ahead of analyst expectations. Revenue rose 20.6% year over year.
• Analyst sentiment remains positive overall: several firms raised price targets, and MarketBeat says Ross Stores has a Moderate Buy rating with an average target of $233.18.

SBI Okasan Asset Management Co.Ltd. bought a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,400 shares of the apparel retailer's stock, valued at approximately $1,879,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer's stock valued at $26,000 after acquiring an additional 140 shares during the last quarter. City Holding Co. lifted its stake in shares of Ross Stores by 1,080.0% in the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer's stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Ross Stores by 42.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer's stock valued at $38,000 after purchasing an additional 63 shares during the last quarter. Salomon & Ludwin LLC raised its position in Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer's stock valued at $42,000 after purchasing an additional 105 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in Ross Stores by 396.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 248 shares of the apparel retailer's stock valued at $46,000 after purchasing an additional 198 shares during the last quarter. Institutional investors own 86.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on ROST shares. Citigroup upped their price target on Ross Stores from $261.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. upped their price target on Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a research report on Monday, May 18th. Guggenheim reaffirmed a "buy" rating and set a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Finally, UBS Group upped their price target on Ross Stores from $227.00 to $232.00 and gave the company a "neutral" rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $233.18.

Ross Stores Stock Down 2.7%

ROST stock opened at $227.20 on Friday. Ross Stores, Inc. has a fifty-two week low of $124.49 and a fifty-two week high of $237.41. The business's 50 day moving average price is $221.00 and its two-hundred day moving average price is $199.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a market capitalization of $73.19 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 2.62 and a beta of 0.87.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its 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 for the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business's revenue for the quarter was up 20.6% on a year-over-year basis. 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. As a group, analysts forecast that Ross Stores, Inc. will post 7.75 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores's dividend payout ratio (DPR) is currently 24.86%.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CMO Karen Sykes sold 5,506 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer directly owned 104,648 shares in the company, valued at approximately $22,331,883.20. This trade represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total value of $400,897.53. Following the transaction, the director directly owned 2,159 shares in the company, valued at $460,147.67. The trade was a 46.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 25,756 shares of company stock worth $5,521,004. Insiders own 2.10% of the company's stock.

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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