Bank of New York Mellon Corp Reduces Position in Ross Stores, Inc. $ROST

Bank of New York Mellon Corp trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 9.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,896,143 shares of the apparel retailer’s stock after selling 196,435 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ross Stores were worth $341,571,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in Ross Stores during the fourth quarter valued at approximately $868,360,000. Holocene Advisors LP acquired a new stake in Ross Stores during the third quarter valued at approximately $351,763,000. Marshall Wace LLP raised its stake in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after buying an additional 1,726,324 shares in the last quarter. Bank of America Corp DE raised its stake 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 valued at $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Ross Stores during the fourth quarter valued at approximately $204,750,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the transaction, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia H. Mueller sold 1,881 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $460,147.67. This trade represents a 46.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ROST has been the topic of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Guggenheim restated a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Truist Financial upped their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Citigroup upped their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, UBS Group upped their price objective on Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Stock Up 0.2%

NASDAQ:ROST opened at $233.06 on Friday. The firm has a market capitalization of $74.76 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The stock has a 50 day moving average of $222.75 and a 200-day moving average of $201.66. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $237.41. 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) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate 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 return on equity of 38.42% and a net margin of 9.74%.The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.47 earnings per share. 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. Analysts predict that Ross Stores, Inc. will post 7.75 EPS for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is 24.86%.

About Ross Stores

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.