Ross Stores, Inc. $ROST Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,985 shares of the apparel retailer’s stock after buying an additional 5,618 shares during the quarter. Sterling Capital Management LLC’s holdings in Ross Stores were worth $8,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ROST. Norges Bank acquired a new stake in shares of Ross Stores in the fourth quarter worth approximately $868,360,000. Holocene Advisors LP acquired a new position in Ross Stores during the third quarter worth approximately $351,763,000. Marshall Wace LLP increased its position in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the last quarter. Bank of America Corp DE raised its stake in Ross Stores by 20.9% during 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 period. Finally, Viking Global Investors LP raised its stake in Ross Stores by 56.5% during 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 period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST stock opened at $213.26 on Friday. Ross Stores, Inc. has a 12 month low of $126.32 and a 12 month high of $242.81. 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 $68.41 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.42 and a beta of 0.86. The company’s fifty day moving average price is $226.50 and its two-hundred day moving average price is $207.99.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the firm earned $1.47 earnings per share. The company’s revenue was up 20.6% on a year-over-year basis. 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. On average, research analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ROST shares. Barclays lifted their target price on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Citigroup boosted their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Guggenheim reissued a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Finally, Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.18.

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.