Citizens Financial Group Inc. RI Makes New $1.73 Million Investment in Ross Stores, Inc. $ROST

Citizens Financial Group Inc. RI purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,146 shares of the apparel retailer’s stock, valued at approximately $1,734,000.

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

Wall Street Analyst Weigh In

ROST has been the topic of a number of research reports. Citigroup increased 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. UBS Group restated a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays increased their target price on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $244.76.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $235.28 on Tuesday. The firm’s 50 day moving average is $233.84 and its two-hundred day moving average is $220.77. The firm has a market capitalization of $75.47 billion, a P/E ratio of 32.86, a PEG 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 52 week low of $143.39 and a 52 week high of $257.00.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data 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 return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The business’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. Analysts anticipate that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s payout ratio is 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.