OP Asset Management Ltd Takes $7.14 Million Position in Ross Stores, Inc. $ROST

OP Asset Management Ltd bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, HoldingsChannel reports. The fund bought 32,960 shares of the apparel retailer’s stock, valued at approximately $7,140,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Ross Stores during the fourth quarter worth approximately $868,360,000. Holocene Advisors LP purchased a new position in shares of Ross Stores during the third quarter worth approximately $351,763,000. Marshall Wace LLP increased its holdings in shares of Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the period. Bank of America Corp DE increased its holdings 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 valued at $1,222,523,000 after acquiring an additional 1,657,008 shares during the period. Finally, Viking Global Investors LP raised its position in Ross Stores by 56.5% in 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 purchasing an additional 1,143,611 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Ross Stores stock opened at $215.13 on Friday. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The business has a 50 day simple moving average of $226.71 and a 200-day simple moving average of $207.96. The stock has a market capitalization of $69.01 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the company earned $1.47 earnings per share. The company’s revenue for the quarter 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 predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROST. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Wells Fargo & Company cut shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price for the company. in a report on Tuesday. Sanford C. Bernstein reiterated a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One investment 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 company. 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.