Peachtree Investment Partners LLC Purchases New Stake in Ross Stores, Inc. $ROST

Peachtree Investment Partners LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,639 shares of the apparel retailer’s stock, valued at approximately $1,839,000. Ross Stores comprises about 0.6% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Ross Stores during the 4th quarter worth about $868,360,000. Bank of New York Mellon Corp bought a new position in Ross Stores in the 2nd quarter valued at about $385,441,000. Marshall Wace LLP raised its holdings in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the period. Bank of America Corp DE lifted its position in Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after acquiring an additional 1,657,008 shares during the last quarter. Finally, Viking Global Investors LP boosted its holdings in shares of Ross Stores by 56.5% during the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after acquiring an additional 1,143,611 shares during the period. 86.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROST shares. Morgan Stanley set a $231.00 target price on Ross Stores in a research report on Wednesday, August 5th. Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. UBS Group restated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Truist Financial upped their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, Barclays increased their price objective on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average target price of $240.00.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $245.36 on Monday. The stock has a market capitalization of $78.71 billion, a P/E ratio of 34.27, a PEG ratio of 2.74 and a beta of 0.86. The stock’s fifty day moving average is $233.68 and its 200 day moving average is $220.42. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm 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 company posted $1.47 earnings per share. The business’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. Sell-side analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio (DPR) is currently 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.