Lord Abbett & CO. LLC Raises Holdings in Ross Stores, Inc. $ROST

Lord Abbett & CO. LLC boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 10.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 523,881 shares of the apparel retailer’s stock after acquiring an additional 48,177 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Ross Stores were worth $94,372,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Ross Stores by 7,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 140 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ross Stores during the fourth quarter valued at approximately $26,000. City Holding Co. boosted its stake in Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. JFS Wealth Advisors LLC boosted its stake in Ross Stores by 42.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 63 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores in the fourth quarter valued at approximately $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ROST shares. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Barclays raised their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Citigroup raised their target price on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company raised their target price on shares of Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Insider Buying and Selling at Ross Stores

In other news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer owned 104,648 shares of the company’s stock, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.10% of the company’s stock.

Ross Stores Trading Up 0.4%

NASDAQ:ROST opened at $240.13 on Friday. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81. The firm has a fifty day simple moving average of $224.97 and a 200-day simple moving average of $204.34. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $77.03 billion, a P/E ratio of 33.54, a PEG ratio of 2.69 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s payout ratio is presently 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.