HBK Sorce Advisory LLC Acquires Shares of 13,192 Ross Stores, Inc. $ROST

HBK Sorce Advisory LLC acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, Holdings Channel reports. The institutional investor acquired 13,192 shares of the apparel retailer’s stock, valued at approximately $3,341,000.

Other large investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after acquiring an additional 99,975 shares during the last quarter. Bank of America Corp DE increased its stake in Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after acquiring an additional 1,657,008 shares during the last quarter. Morgan Stanley raised 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 valued at $979,384,000 after purchasing an additional 79,519 shares during the period. Norges Bank purchased a new stake in Ross Stores during the fourth quarter valued at approximately $868,360,000. Finally, Viking Global Investors LP raised 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 valued at $605,704,000 after purchasing an additional 426,370 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROST has been the subject of a number of recent research reports. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Morgan Stanley set a $231.00 price target on Ross Stores in a report on Wednesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Citigroup lifted their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $240.00.

Ross Stores Stock Performance

ROST opened at $245.36 on Monday. The stock has a market cap of $78.71 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.74 and a beta of 0.86. The stock’s 50 day moving average price is $233.68 and its 200-day moving average price is $220.42. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. 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 forecast that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were issued a $0.445 dividend. The ex-dividend date 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%.

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.