Summit Global Investments Acquires Shares of 2,706 Ross Stores, Inc. $ROST

Summit Global Investments acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,706 shares of the apparel retailer’s stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Ross Stores during the 2nd quarter valued at approximately $2,581,000. Bryn Mawr Trust Advisors LLC purchased a new stake in Ross Stores in the 2nd quarter worth $1,413,000. Dockside LLC acquired a new position in Ross Stores during the second quarter worth $1,036,000. Tema ETFs LLC raised its position in Ross Stores by 9.5% during the second quarter. Tema ETFs LLC now owns 8,328 shares of the apparel retailer’s stock worth $1,773,000 after acquiring an additional 725 shares during the period. Finally, E. Ohman J or Asset Management AB lifted its holdings in Ross Stores by 30.8% during the second quarter. E. Ohman J or Asset Management AB now owns 13,291 shares of the apparel retailer’s stock valued at $2,829,000 after purchasing an additional 3,130 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROST. Wells Fargo & Company lowered shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Morgan Stanley set a $231.00 price objective on Ross Stores in a research note on Wednesday, August 5th. Finally, Citigroup increased their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Ross Stores Trading Up 0.2%

Shares of ROST opened at $245.36 on Friday. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The stock has a market cap of $78.71 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The firm’s fifty day moving average is $233.68 and its two-hundred day moving average is $220.19. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.47 earnings per share. 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. Research analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

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

Ross Stores Company 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.