TimesSquare Capital Management LLC Buys Shares of 416,195 Ross Stores, Inc. $ROST

TimesSquare Capital Management LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 portfolio, making the stock its 18th biggest holding. TimesSquare Capital Management LLC owned about 0.13% of Ross Stores as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ROST. Ethic Inc. grew its holdings in shares of Ross Stores by 25.6% in the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after acquiring an additional 4,847 shares during the period. CWM LLC lifted its holdings in Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after acquiring an additional 17,090 shares during the period. National Pension Service lifted its holdings in Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after acquiring an additional 754,816 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in Ross Stores in the fourth quarter worth about $204,750,000. Finally, NewEdge Wealth LLC boosted its position in Ross Stores by 99.5% in the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock worth $2,656,000 after purchasing an additional 7,353 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $235.28 on Tuesday. The company has a market capitalization of $75.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.74 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. The firm’s 50 day simple moving average is $233.84 and its two-hundred day simple moving average is $220.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

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. The firm 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 revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the company posted $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 expect that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is presently 24.86%.

Analyst Upgrades and Downgrades

ROST has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Morgan Stanley set a $231.00 target price on shares of Ross Stores in a report on Wednesday, August 5th. Telsey Advisory Group increased their price target on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays lifted their price target 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. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $244.76.

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.