Dai ichi Life Insurance Company Ltd Grows Holdings in Ross Stores, Inc. $ROST

Dai ichi Life Insurance Company Ltd grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 112.5% in the first quarter, HoldingsChannel reports. The fund owned 22,936 shares of the apparel retailer’s stock after acquiring an additional 12,141 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Ross Stores were worth $4,969,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Woodline Partners LP boosted its position 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 purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Ross Stores by 35.8% in the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after buying an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after buying an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC raised its stake in shares of Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after buying an additional 265 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

NASDAQ ROST opened at $238.89 on Friday. 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 stock’s 50 day simple moving average is $226.43 and its 200-day simple moving average is $213.85. The company has a market cap of $76.63 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.68 and a beta of 0.87. Ross Stores, Inc. has a 1-year low of $134.37 and a 1-year high of $242.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS 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 analysts’ expectations of $5.64 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’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. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued 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 0.7%. Ross Stores’s dividend payout ratio is presently 24.86%.

Analyst Upgrades and Downgrades

ROST has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Barclays upped their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $230.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Truist Financial boosted their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.18.

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.