Mitsubishi UFJ Asset Management Co. Ltd. Buys New Stake in Ross Stores, Inc. $ROST

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, Holdings Channel reports. The institutional investor bought 828,139 shares of the apparel retailer’s stock, valued at approximately $176,251,000.

Several other large investors have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC bought a new position in Ross Stores in the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in Ross Stores during the fourth quarter worth $31,000. Virtus Advisers LLC acquired a new position in shares of Ross Stores during the 4th quarter worth approximately $32,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ross Stores in the 4th quarter valued at about $38,000. Finally, Salomon & Ludwin LLC grew its holdings in Ross Stores by 89.0% during the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 105 shares during the period. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on ROST shares. Evercore restated an “outperform” rating and issued a $276.00 price objective on shares of Ross Stores in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $230.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target of $244.76.

Ross Stores Trading Down 4.1%

ROST opened at $235.28 on Tuesday. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The company has a 50-day simple moving average of $233.84 and a 200 day simple moving average of $220.77. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $75.47 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last released its 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. The firm had revenue of $6.01 billion for 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 business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS. 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. Analysts predict that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s payout ratio is currently 24.86%.

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.