Sargent Investment Group LLC Purchases New Position in Ross Stores, Inc. $ROST

Sargent Investment Group LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,672 shares of the apparel retailer’s stock, valued at approximately $661,000.

Several other large investors have also made changes to their positions in ROST. State Street Corp boosted its position in Ross Stores by 0.7% during the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock worth $2,506,099,000 after purchasing an additional 99,975 shares during the period. Bank of America Corp DE boosted its position in Ross Stores by 1.9% during the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after purchasing an additional 180,182 shares during the period. Morgan Stanley boosted its position in Ross Stores by 1.5% during the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after purchasing an additional 79,519 shares during the period. Norges Bank bought a new stake in Ross Stores during the fourth quarter worth approximately $868,360,000. Finally, Viking Global Investors LP boosted its position in Ross Stores by 9.9% during the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after purchasing an additional 426,370 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 1.4%

ROST opened at $236.77 on Tuesday. Ross Stores, Inc. has a 1-year low of $124.49 and a 1-year high of $242.81. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $75.95 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 2.70 and a beta of 0.86. The business has a 50 day moving average of $225.30 and a 200-day moving average of $204.97.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data 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. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the business earned $1.47 earnings per share. Ross Stores’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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, sell-side analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROST. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Truist Financial upped their target price on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Wells Fargo & Company upped their target price on Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Finally, Barclays upped their target price on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Insiders Place Their Bets

In related news, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the transaction, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the transaction, the chief marketing officer owned 104,648 shares of the company’s stock, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.

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.