65,417 Shares in Ross Stores, Inc. $ROST Acquired by Erste Asset Management GmbH

Erste Asset Management GmbH purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 65,417 shares of the apparel retailer’s stock, valued at approximately $11,824,000.

A number of other institutional investors and hedge funds have also modified their holdings of ROST. Norges Bank bought a new stake in shares of Ross Stores during the fourth quarter worth approximately $868,360,000. Holocene Advisors LP acquired a new position in Ross Stores during the third quarter valued at approximately $351,763,000. Marshall Wace LLP grew its holdings in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after purchasing an additional 1,726,324 shares during the period. Bank of America Corp DE grew its holdings 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 valued at $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Ross Stores during the fourth quarter valued at approximately $204,750,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Down 1.3%

Ross Stores stock opened at $227.42 on Tuesday. The stock has a market capitalization of $72.95 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $237.41. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average of $223.30 and a 200-day moving average of $202.64.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. The company 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 business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, equities research analysts anticipate that Ross Stores, Inc. will post 7.73 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ROST shares. UBS Group boosted their price objective on shares of Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Telsey Advisory Group boosted their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. The Goldman Sachs Group restated a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Finally, Barclays boosted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Insider Activity at Ross Stores

In other news, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the transaction, the chief operating officer owned 116,028 shares in the company, valued at $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the transaction, the chief marketing officer owned 104,648 shares of the company’s stock, valued at $22,331,883.20. This trade represents a 5.00% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by corporate insiders.

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.