Pacer Advisors Inc. Sells 22,258 Shares of Ross Stores, Inc. $ROST

Pacer Advisors Inc. lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 44.8% in the 1st quarter, HoldingsChannel reports. The fund owned 27,407 shares of the apparel retailer’s stock after selling 22,258 shares during the period. Pacer Advisors Inc.’s holdings in Ross Stores were worth $5,937,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealth High Governance Capital Ltda boosted its position in Ross Stores by 1,025.0% during the first quarter. Wealth High Governance Capital Ltda now owns 87,691 shares of the apparel retailer’s stock worth $18,997,000 after purchasing an additional 79,896 shares during the period. Wealth High Governance Asset Management Ltda. raised its position in shares of Ross Stores by 1,592.0% in the first quarter. Wealth High Governance Asset Management Ltda. now owns 74,618 shares of the apparel retailer’s stock valued at $16,164,000 after purchasing an additional 70,208 shares during the period. Parallel Advisors LLC raised its position in shares of Ross Stores by 4.1% in the first quarter. Parallel Advisors LLC now owns 6,586 shares of the apparel retailer’s stock valued at $1,427,000 after purchasing an additional 259 shares during the period. Groupama Asset Managment lifted its stake in shares of Ross Stores by 85.4% during the 1st quarter. Groupama Asset Managment now owns 4,691 shares of the apparel retailer’s stock valued at $1,016,000 after buying an additional 2,161 shares in the last quarter. Finally, Wellington Grp LLC lifted its stake in shares of Ross Stores by 9.2% during the 1st quarter. Wellington Grp LLC now owns 12,150 shares of the apparel retailer’s stock valued at $2,632,000 after buying an additional 1,019 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROST has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target for the company. in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research report 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $239.12.

Ross Stores Trading Up 0.9%

Shares of Ross Stores stock opened at $253.22 on Thursday. The company’s 50-day moving average price is $230.64 and its 200-day moving average price is $217.43. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $141.91 and a 12-month high of $257.00. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 2.82 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. Ross Stores’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, equities analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

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.