Ross Stores, Inc. $ROST Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,170,458 shares of the apparel retailer’s stock after selling 20,836 shares during the quarter. Ross Stores makes up approximately 1.6% of Burgundy Asset Management Ltd.’s holdings, making the stock its 22nd largest position. Burgundy Asset Management Ltd.’s holdings in Ross Stores were worth $172,245,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. Norges Bank purchased a new stake in Ross Stores during the second quarter worth approximately $521,159,000. Bank of America Corp DE boosted its holdings 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 valued at $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. First Trust Advisors LP boosted its holdings in Ross Stores by 30.1% in the second quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock valued at $468,203,000 after purchasing an additional 849,391 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new position in Ross Stores in the second quarter valued at approximately $102,281,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Q4 results and comps beat — Ross reported ~$6.64B in revenue (up ~12% YoY), comparable-store sales +9%, and adjusted EPS of $2.00, topping estimates and showing sustained traffic gains. PR Newswire: Ross Stores Q4 release
• Positive Sentiment: Upbeat guidance — Management raised the FY26 EPS range (7.02–7.36) and issued a Q1 EPS guide whose midpoint sits above consensus, signaling momentum into spring. Reuters: Ross forecasts sales above estimates
• Positive Sentiment: Shareholder returns stepped up — Board approved a two‑year $2.55B repurchase program and raised the quarterly dividend by 10% (to $0.45), improving capital-return optionality and EPS leverage. QuiverQuant: buyback/dividend coverage
• Positive Sentiment: Wall Street reaction — Multiple firms raised forecasts and price targets (Goldman, Citi, Wells Fargo, Telsey, Guggenheim among them) and issued upgrades or “buy/overweight” views after the print. Benzinga: analysts boost forecasts
• Neutral Sentiment: Off-price thematic tailwind — Coverage notes Ross is capturing share from full-price peers and benefitting from a “treasure-hunt” shift to value, supporting durable demand but also higher expectations. MarketBeat: off-price trend analysis
• Neutral Sentiment: Mixed ownership activity and insider sales — Reports show heavy institutional turnover and some insider selling; these are worth monitoring but not an immediate red flag given the strong quarter. QuiverQuant: institutional & insider notes
• Negative Sentiment: Valuation and pullback risk — Some analysts and commentary warn the strong print stretched near‑term valuation and that the stock could consolidate after the post-earnings move. Seeking Alpha: valuation caution
• Negative Sentiment: Minor sell-side divergence — Zacks trimmed its rating from strong‑buy to hold, a reminder some shops are dialing back near-term enthusiasm. Zacks: rating change

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ROST shares. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. UBS Group boosted their price target on shares of Ross Stores from $181.00 to $199.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group upped their price objective on shares of Ross Stores from $214.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $221.00 target price on Ross Stores in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on Ross Stores from $215.00 to $232.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $207.76.

Ross Stores Trading Up 8.0%

Shares of ROST stock opened at $213.52 on Thursday. The company has a market capitalization of $69.06 billion, a P/E ratio of 32.30, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $192.02 and its two-hundred day moving average is $171.24. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $216.80.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a return on equity of 37.43% and a net margin of 9.43%.The firm had revenue of $6.64 billion during the quarter, compared to the consensus estimate of $6.42 billion. During the same period last year, the company earned $1.65 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

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.