The Manufacturers Life Insurance Company Trims Holdings in Ross Stores, Inc. $ROST

The Manufacturers Life Insurance Company decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.8% in the first quarter, HoldingsChannel reports. The firm owned 253,488 shares of the apparel retailer’s stock after selling 24,390 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Ross Stores were worth $54,913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Ethic Inc. lifted its position in Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after purchasing an additional 4,847 shares during the period. National Pension Service grew its position in Ross Stores by 138.4% during the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares during the period. CWM LLC raised its stake in shares of Ross Stores by 61.1% during the 4th quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after buying an additional 17,090 shares during the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in shares of Ross Stores during the 4th quarter valued at about $204,750,000. Finally, NewEdge Wealth LLC lifted its holdings in shares of Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after buying an additional 7,353 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Up 0.4%

ROST stock opened at $251.96 on Thursday. Ross Stores, Inc. has a 52-week low of $134.37 and a 52-week high of $255.30. 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 firm has a market cap of $80.82 billion, a P/E ratio of 35.19, a PEG ratio of 2.81 and a beta of 0.87. The company’s 50-day simple moving average is $228.53 and its 200-day simple moving average is $215.33.

Ross Stores (NASDAQ:ROST) last announced 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 firm 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% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts forecast that Ross Stores, Inc. will post 7.76 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given a $0.445 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s payout ratio is 24.86%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a report on Tuesday, June 23rd. Citigroup boosted their price target on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Truist Financial upped their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.18.

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.