Harvest Fund Management Co. Ltd Grows Stock Holdings in Ross Stores, Inc. $ROST

Harvest Fund Management Co. Ltd increased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 21.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,283 shares of the apparel retailer’s stock after buying an additional 4,209 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Ross Stores were worth $4,375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ROST. Woodline Partners LP boosted its holdings in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after buying an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Ross Stores by 35.8% during the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after buying an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In related news, Director Patricia H. Mueller sold 1,881 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the transaction, the director owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. The trade was a 5.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 25,756 shares of company stock valued at $5,521,004. Company insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $233.06 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a market capitalization of $74.76 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.61 and a beta of 0.86. The company’s 50 day simple moving average is $222.75 and its 200 day simple moving average is $201.66. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $237.41.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. On average, sell-side analysts predict that Ross Stores, Inc. will post 7.75 EPS for the current year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. UBS Group upped their price target on shares of Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Wells Fargo & Company upped their price target on shares of Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.