CI Investments Inc. Sells 4,197 Shares of Ross Stores, Inc. $ROST

CI Investments Inc. cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 283,946 shares of the apparel retailer’s stock after selling 4,197 shares during the quarter. CI Investments Inc. owned 0.09% of Ross Stores worth $61,511,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its stake in Ross Stores by 0.7% during the fourth 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 in the last quarter. Bank of America Corp DE grew its stake in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Morgan Stanley grew its stake in shares of Ross Stores by 1.5% in the 4th 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 in the last quarter. Norges Bank purchased a new position in shares of Ross Stores in the 4th quarter worth $868,360,000. Finally, Viking Global Investors LP increased its holdings in shares of Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after buying an additional 426,370 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ROST. Barclays upped their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Citigroup lifted their price target on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective on the stock. in a research note on Tuesday, June 23rd. The Goldman Sachs Group restated a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Stock Performance

Ross Stores stock opened at $235.81 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The firm has a market capitalization of $75.64 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 2.65 and a beta of 0.87. Ross Stores, Inc. has a 1-year low of $133.14 and a 1-year high of $242.81. The company’s 50-day moving average is $225.00 and its 200 day moving average is $212.91.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 38.42% and a net margin of 9.74%.The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business 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. Research analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) 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.