TimesSquare Capital Management LLC Invests $88.59 Million in Ross Stores, Inc. $ROST

TimesSquare Capital Management LLC bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, HoldingsChannel reports. The firm bought 416,195 shares of the apparel retailer’s stock, valued at approximately $88,587,000. Ross Stores comprises about 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores in the 4th quarter worth $26,000. Bard Associates Inc. purchased a new stake in shares of Ross Stores in the fourth quarter worth about $31,000. Virtus Advisers LLC bought a new position in Ross Stores during the fourth quarter valued at $32,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Ross Stores in the 4th quarter worth $38,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Ross Stores by 89.0% in the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after buying an additional 105 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Morgan Stanley set a $231.00 price objective on Ross Stores in a research note on Wednesday, August 5th. Evercore restated an “outperform” rating and set a $276.00 price objective on shares of Ross Stores in a research report on Monday. Citigroup raised their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.76.

Ross Stores Price Performance

ROST stock opened at $235.28 on Tuesday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $233.84 and a 200 day moving average price of $220.77. The stock has a market cap of $75.47 billion, a PE ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly 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. 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 for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the prior year, the firm posted $1.47 EPS. The firm’s 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. Equities research analysts anticipate that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is currently 24.86%.

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.