North Point Portfolio Managers Corp OH Cuts Stake in Ross Stores, Inc. $ROST

North Point Portfolio Managers Corp OH lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,169 shares of the apparel retailer’s stock after selling 2,563 shares during the quarter. Ross Stores accounts for about 3.4% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 8th biggest holding. North Point Portfolio Managers Corp OH’s holdings in Ross Stores were worth $19,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Ethic Inc. grew its holdings 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 worth $4,282,000 after buying an additional 4,847 shares in the last quarter. Financial Planning Hawaii Inc. bought a new stake in Ross Stores in the 4th quarter valued at approximately $1,542,000. National Pension Service boosted its position in Ross Stores by 138.4% during the 4th 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 during the last quarter. CWM LLC boosted its position in Ross Stores by 61.1% during the 4th 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 during the last quarter. Finally, NewEdge Wealth LLC grew its stake in shares of Ross Stores by 99.5% during the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock worth $2,656,000 after acquiring an additional 7,353 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROST. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Truist Financial upped their target price on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Finally, Citigroup increased 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. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Stock Performance

NASDAQ ROST opened at $212.85 on Wednesday. The firm has a market capitalization of $68.28 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is $225.93 and its two-hundred day moving average price is $208.64. Ross Stores, Inc. has a 1 year low of $126.32 and a 1 year high of $242.81.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping 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 company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the business earned $1.47 EPS. Ross Stores’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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 EPS for the current year.

Ross Stores Dividend Announcement

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