MidFirst Bank Invests $406,000 in Ross Stores, Inc. $ROST

MidFirst Bank acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,253 shares of the apparel retailer’s stock, valued at approximately $406,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROST. Somerset Trust Co raised its position in Ross Stores by 0.4% during the fourth quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock valued at $2,664,000 after purchasing an additional 55 shares in the last quarter. Independent Advisor Alliance boosted its holdings in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC boosted its holdings in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after purchasing an additional 55 shares in the last quarter. Florida Trust Wealth Management Co increased its position in shares of Ross Stores by 1.7% during the 4th quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 56 shares during the last quarter. Finally, MCF Advisors LLC increased its position in shares of Ross Stores by 4.6% during the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 57 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROST has been the subject of a number of recent research reports. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Telsey Advisory Group increased their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Wells Fargo & Company lifted their price target on shares of Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

Insider Buying and Selling

In other news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was 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 owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This represents a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Price Performance

ROST opened at $232.80 on Friday. The company has a market cap of $74.68 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.61 and a beta of 0.86. The business’s 50-day moving average price is $226.33 and its 200-day moving average price is $206.35. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. 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 analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

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

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.