Wilkinson Global Asset Management LLC Makes New $888,000 Investment in Ross Stores, Inc. $ROST

Wilkinson Global Asset Management LLC bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,174 shares of the apparel retailer’s stock, valued at approximately $888,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Ross Stores in the fourth quarter worth $868,360,000. Bank of New York Mellon Corp bought a new position in Ross Stores in the second quarter valued at about $385,441,000. Marshall Wace LLP lifted its holdings in Ross Stores by 1,908.8% in the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the period. Bank of America Corp DE boosted its position in Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. Finally, Viking Global Investors LP boosted its position in Ross Stores by 56.5% in the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $245.36 on Monday. The stock has a 50 day moving average of $233.68 and a 200 day moving average of $220.42. The company has a market cap of $78.71 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.74 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. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s quarterly revenue 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, equities research analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Analyst Ratings Changes

ROST has been the subject of a number of recent research reports. Wells Fargo & Company downgraded Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target for the company. in a research note on Tuesday, June 23rd. Zacks Research downgraded shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Finally, Citigroup upped their target price on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.