Knollwood Investment Advisory LLC Sells 3,199 Shares of Ross Stores, Inc. $ROST

Knollwood Investment Advisory LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,755 shares of the apparel retailer’s stock after selling 3,199 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Ross Stores were worth $3,919,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. State Street Corp boosted its stake in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after purchasing an additional 99,975 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ross Stores by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after purchasing an additional 180,182 shares during the last quarter. Morgan Stanley boosted its stake in Ross Stores by 1.5% during the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after acquiring an additional 79,519 shares during the last quarter. Norges Bank bought a new position in Ross Stores during the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP boosted its stake in Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after acquiring an additional 426,370 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST stock opened at $240.13 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a market capitalization of $77.03 billion, a P/E ratio of 33.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. The company’s 50 day moving average price is $224.97 and its two-hundred day moving average price is $204.34. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $242.81.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $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. On average, analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

Insider Activity at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the sale, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Truist Financial lifted their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Telsey Advisory Group lifted their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

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.