Saudi Central Bank Acquires 10,062 Shares of Ross Stores, Inc. $ROST

Saudi Central Bank raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 84.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,001 shares of the apparel retailer’s stock after buying an additional 10,062 shares during the period. Saudi Central Bank’s holdings in Ross Stores were worth $4,683,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ROST. BlackRock Inc. bought a new position in Ross Stores in the 2nd quarter worth $5,938,711,000. State Street Corp boosted its stake in 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 buying an additional 99,975 shares in the last quarter. Bank of America Corp DE grew its stake 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 buying an additional 1,657,008 shares during the last quarter. Primecap Management Co. CA bought a new stake in shares of Ross Stores during the second quarter worth $1,937,995,000. Finally, Wellington Management Group LLP grew its stake in shares of Ross Stores by 89.2% during the second quarter. Wellington Management Group LLP now owns 6,615,682 shares of the apparel retailer’s stock valued at $1,408,148,000 after purchasing an additional 3,118,591 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ROST shares. Citigroup lifted their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Robert W. Baird upped their price target on shares of Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, August 21st. Zacks Research lowered Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Finally, Evercore set a $290.00 price objective on Ross Stores in a report on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $230.69 on Monday. The company has a market capitalization of $73.69 billion, a P/E ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 0.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.98. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The business’s 50 day simple moving average is $234.52 and its 200 day simple moving average is $224.91.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period in the previous year, the company earned $1.56 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts anticipate that Ross Stores, Inc. will post 8.15 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s payout ratio is 21.55%.

Key Headlines Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Zacks raised its earnings forecasts across multiple future periods. Estimates increased for Q3 2027 through Q4 2028, Q1 2029, and FY2028. The FY2028 EPS forecast rose to $8.84 from $8.33, while the Q4 2028 estimate increased to $2.48 from $2.34. These revisions suggest analysts see better-than-expected earnings potential for Ross Stores. MarketBeat Ross Stores analyst estimates
• Positive Sentiment: Recent operating results provide support for the bullish estimate revisions. In its latest reported quarter, Ross Stores generated $6.26 billion in revenue, up 13.3% year over year, and posted $2.66 in EPS versus the $1.95 consensus estimate. The earnings beat and strong revenue growth indicate continued resilience in the off-price retail model.
• Neutral Sentiment: Zacks maintained a “Hold” rating. Although its forecasts improved, the unchanged rating signals that the analyst does not yet see enough risk-adjusted upside to recommend buying the shares. The current full-year EPS consensus remains $8.15. Zacks Ross Stores growth stock analysis
• Neutral Sentiment: The Q2 2026 earnings call transcript offers additional management commentary on sales trends, margins, inventory, store expansion and the outlook, but no specific new guidance details are provided in the article listing. Ross Stores Q2 2026 earnings call transcript
• Negative Sentiment: Valuation and limited analyst conviction remain headwinds. Ross Stores trades at roughly 28 times earnings, while its shares are below the 50-day moving average. With Zacks still at Hold and no fresh near-term catalyst, investors may be taking profits after the strong earnings performance.

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.