PensionDanmark Pensionsforsikringsaktieselskab Grows Holdings in Ross Stores, Inc. $ROST

PensionDanmark Pensionsforsikringsaktieselskab grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 10.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,768 shares of the apparel retailer’s stock after acquiring an additional 8,124 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Ross Stores were worth $19,107,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Woodline Partners LP raised its holdings in Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. grew its holdings in Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares during the period. NewEdge Advisors LLC increased its position in shares of Ross Stores by 35.8% in the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after buying an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after buying an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its position in shares of Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after buying an additional 265 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $255.23 on Friday. 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 business’s 50 day moving average price is $231.66 and its 200-day moving average price is $218.12. The firm has a market capitalization of $81.87 billion, a PE ratio of 35.65, a P/E/G ratio of 2.85 and a beta of 0.86. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00.

Ross Stores (NASDAQ:ROST) last issued its quarterly 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. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts expect that Ross Stores, Inc. will post 7.76 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is presently 24.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Barclays boosted their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Truist Financial upped their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a report on Monday, April 27th. Finally, Citigroup lifted their target price on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $239.12.

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.