Ross Stores, Inc. $ROST Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. trimmed its position in Ross Stores, Inc. (NASDAQ:ROST) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,170,458 shares of the apparel retailer’s stock after selling 20,836 shares during the quarter. Ross Stores comprises 1.6% of Burgundy Asset Management Ltd.’s investment portfolio, making the stock its 22nd biggest position. Burgundy Asset Management Ltd. owned 0.36% of Ross Stores worth $172,245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust acquired a new stake in Ross Stores during the third quarter worth $26,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Ross Stores during the 3rd quarter worth $29,000. Aspect Partners LLC increased its position in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 148 shares during the period. Finally, True Wealth Design LLC lifted its position in Ross Stores by 152.0% in the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock valued at $39,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Key Ross Stores News

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

• Positive Sentiment: Q4 results and comps beat — Ross reported ~$6.64B in revenue (up ~12% YoY), comparable-store sales +9%, and adjusted EPS of $2.00, topping estimates and showing sustained traffic gains. PR Newswire: Ross Stores Q4 release
• Positive Sentiment: Upbeat guidance — Management raised the FY26 EPS range (7.02–7.36) and issued a Q1 EPS guide whose midpoint sits above consensus, signaling momentum into spring. Reuters: Ross forecasts sales above estimates
• Positive Sentiment: Shareholder returns stepped up — Board approved a two‑year $2.55B repurchase program and raised the quarterly dividend by 10% (to $0.45), improving capital-return optionality and EPS leverage. QuiverQuant: buyback/dividend coverage
• Positive Sentiment: Wall Street reaction — Multiple firms raised forecasts and price targets (Goldman, Citi, Wells Fargo, Telsey, Guggenheim among them) and issued upgrades or “buy/overweight” views after the print. Benzinga: analysts boost forecasts
• Neutral Sentiment: Off-price thematic tailwind — Coverage notes Ross is capturing share from full-price peers and benefitting from a “treasure-hunt” shift to value, supporting durable demand but also higher expectations. MarketBeat: off-price trend analysis
• Neutral Sentiment: Mixed ownership activity and insider sales — Reports show heavy institutional turnover and some insider selling; these are worth monitoring but not an immediate red flag given the strong quarter. QuiverQuant: institutional & insider notes
• Negative Sentiment: Valuation and pullback risk — Some analysts and commentary warn the strong print stretched near‑term valuation and that the stock could consolidate after the post-earnings move. Seeking Alpha: valuation caution
• Negative Sentiment: Minor sell-side divergence — Zacks trimmed its rating from strong‑buy to hold, a reminder some shops are dialing back near-term enthusiasm. Zacks: rating change

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ROST shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Bank of America lifted their target price on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. UBS Group boosted their target price on Ross Stores from $181.00 to $199.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Citigroup raised their price target on Ross Stores from $224.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen reiterated a “buy” rating on shares of Ross Stores in a report on Thursday, December 4th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.76.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $213.52 on Thursday. The stock’s 50-day moving average is $192.02 and its two-hundred day moving average is $171.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $216.80. The company has a market cap of $69.06 billion, a price-to-earnings ratio of 32.30, a price-to-earnings-growth ratio of 2.94 and a beta of 0.97.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.10. Ross Stores had a return on equity of 37.43% and a net margin of 9.43%.The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the business posted $1.65 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

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.