Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 828,139 Ross Stores, Inc. $ROST

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 828,139 shares of the apparel retailer’s stock, valued at approximately $176,251,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.26% of Ross Stores at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Norges Bank bought a new position in Ross Stores during the 4th quarter valued at $868,360,000. Bank of New York Mellon Corp acquired a new stake in Ross Stores during the second quarter valued at approximately $385,441,000. Marshall Wace LLP lifted its holdings in Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after buying an additional 1,726,324 shares during the last quarter. Bank of America Corp DE grew its position in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after acquiring an additional 1,657,008 shares in the last quarter. Finally, Viking Global Investors LP raised its position in shares of Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after acquiring an additional 1,143,611 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROST. Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective for the company. in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a report on Friday, May 22nd. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $244.76.

Ross Stores Price Performance

ROST opened at $235.28 on Tuesday. The firm has a market capitalization of $75.47 billion, a P/E ratio of 32.86, a PEG ratio of 2.74 and a beta of 0.86. The stock has a fifty day moving average of $233.84 and a 200-day moving average of $220.77. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the previous year, the company posted $1.47 EPS. Ross Stores’s revenue was up 20.6% on a year-over-year basis. 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 forecast that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is 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.