Glenview Trust Co Grows Position in Ross Stores, Inc. $ROST

Glenview Trust Co grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,112 shares of the apparel retailer’s stock after purchasing an additional 8,116 shares during the quarter. Glenview Trust Co’s holdings in Ross Stores were worth $16,921,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted 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 worth $26,000 after buying an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in Ross Stores in the fourth quarter valued at $26,000. Bard Associates Inc. purchased a new position in Ross Stores in the fourth quarter valued at $31,000. City Holding Co. raised its position in shares of Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 162 shares during the period. Finally, Virtus Advisers LLC acquired a new position in shares of Ross Stores in the fourth quarter worth about $32,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROST has been the topic of several recent analyst reports. Barclays increased their target price on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Truist Financial upped their price target on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Citigroup increased their price target on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a report on Monday, April 27th. Finally, Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. One research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Performance

ROST opened at $235.78 on Tuesday. 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 market cap of $75.63 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.62 and a beta of 0.87. Ross Stores, Inc. has a 52-week low of $130.49 and a 52-week high of $242.81. The firm’s fifty day simple moving average is $224.63 and its two-hundred day simple moving average is $212.52.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS 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 analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

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

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.