Louisiana State Employees Retirement System Purchases New Holdings in Ross Stores, Inc. $ROST

Louisiana State Employees Retirement System acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,700 shares of the apparel retailer’s stock, valued at approximately $8,167,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake 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 last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of Ross Stores in the fourth quarter worth $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores during the fourth quarter valued at $31,000. City Holding Co. increased its holdings in shares of Ross Stores by 1,080.0% during 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. Finally, Virtus Advisers LLC purchased a new position in shares of Ross Stores in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 5.9%

Ross Stores stock opened at $215.13 on Friday. Ross Stores, Inc. has a one year low of $124.49 and a one year high of $242.81. The business’s fifty day moving average is $226.71 and its 200 day moving average is $207.96. The stock has a market capitalization of $69.01 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The business 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 was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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, sell-side analysts predict that Ross Stores, Inc. will post 7.74 EPS 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 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 of this dividend is Tuesday, June 9th. Ross Stores’s payout ratio is presently 24.86%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROST. Guggenheim reissued a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Citigroup increased their price target on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

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.