37,700 Shares in Ross Stores, Inc. $ROST Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,700 shares of the apparel retailer’s stock, valued at approximately $8,167,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp grew its stake in shares of Ross Stores by 0.7% during 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 during the period. Bank of America Corp DE lifted its stake in shares of Ross Stores by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after purchasing an additional 180,182 shares during the period. Morgan Stanley boosted its holdings in shares of Ross Stores by 1.5% in the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after buying an additional 79,519 shares during the last quarter. Norges Bank purchased a new position in shares of Ross Stores in the fourth quarter worth approximately $868,360,000. Finally, Viking Global Investors LP grew its position in Ross Stores by 9.9% during the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of a number of research reports. Guggenheim reaffirmed a “buy” rating and set a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. lifted their target price on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and an average target price of $233.18.

Ross Stores Price Performance

NASDAQ ROST opened at $215.13 on Friday. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81. The stock has a market cap of $69.01 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.57 and a beta of 0.86. The company’s 50 day moving average is $226.71 and its two-hundred day moving average is $207.96. 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 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 business 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 company’s revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the business posted $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. As a group, research analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s payout ratio is currently 24.86%.

Ross Stores 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.