Louisbourg Investments Inc. Trims Holdings in Ross Stores, Inc. $ROST

Louisbourg Investments Inc. lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 72.6% during the first quarter, Holdings Channel reports. The fund owned 6,092 shares of the apparel retailer’s stock after selling 16,175 shares during the quarter. Louisbourg Investments Inc.’s holdings in Ross Stores were worth $1,220,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Cornerstone Wealth Group LLC acquired a new position in Ross Stores in the first quarter valued at $264,000. Sterling Capital Management LLC lifted its position in Ross Stores by 16.8% during the first quarter. Sterling Capital Management LLC now owns 38,985 shares of the apparel retailer’s stock worth $8,445,000 after buying an additional 5,618 shares during the period. Narus Financial Partners LLC acquired a new stake in Ross Stores in the 1st quarter worth about $208,000. WT Wealth Management acquired a new stake in Ross Stores in the 1st quarter worth about $227,000. Finally, Venturi Wealth Management LLC grew its holdings in Ross Stores by 8.4% in the 1st quarter. Venturi Wealth Management LLC now owns 3,352 shares of the apparel retailer’s stock valued at $726,000 after buying an additional 261 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 0.9%

NASDAQ:ROST opened at $213.26 on Friday. The stock has a fifty day simple moving average of $226.50 and a 200 day simple moving average of $207.99. The firm has a market capitalization of $68.41 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 2.39 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, Inc. has a 1-year low of $126.32 and a 1-year high of $242.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly 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. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s quarterly 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. Sell-side analysts forecast that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ROST shares. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Barclays upped their price target 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. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.18.

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.