Primecap Management Co. CA Purchases New Stake in Ross Stores, Inc. $ROST

Primecap Management Co. CA purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 9,104,980 shares of the apparel retailer’s stock, valued at approximately $1,937,995,000. Ross Stores accounts for approximately 1.1% of Primecap Management Co. CA’s holdings, making the stock its 20th largest holding.

Other large investors have also added to or reduced their stakes in the company. PDT Partners LLC purchased a new position in shares of Ross Stores in the second quarter valued at about $5,608,000. Canada Pension Plan Investment Board bought a new position in shares of Ross Stores during the second quarter valued at about $238,522,000. Nicholas Investment Partners LP purchased a new stake in shares of Ross Stores during the second quarter worth about $2,559,000. Legal & General Group Plc purchased a new stake in shares of Ross Stores during the second quarter worth about $476,200,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Ross Stores in the second quarter worth about $51,589,000. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the topic of a number of research analyst reports. Zacks Research downgraded Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Telsey Advisory Group increased their price objective on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. UBS Group lifted their price objective on Ross Stores from $232.00 to $239.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial boosted their target price on Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. upped their target price on Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $263.76.

Ross Stores Trading Down 0.1%

Shares of ROST opened at $241.19 on Wednesday. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $234.04 and its 200-day moving average price is $222.81. The firm has a market capitalization of $77.37 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.99 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the prior year, the firm earned $1.56 earnings per share. Ross Stores’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that Ross Stores, Inc. will post 8.3 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is 21.55%.

Key Headlines Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Strong Q2 results and raised guidance: Ross Stores exceeded quarterly earnings and revenue expectations as customer traffic increased and margins expanded. Management also raised its fiscal 2026 outlook, providing a potential catalyst for further analyst estimate increases. Should You Buy, Sell or Hold Ross Stores Stock Post Q2 Earnings?
• Positive Sentiment: Organic growth remains compelling: An analyst commentary argues that Ross Stores’ underlying performance is stronger than any temporary benefit from tariffs, suggesting sustainable retail momentum and execution. Ross Stores: Forget The Tariff Tailwind; Organic Growth Is Even More Impressive
• Positive Sentiment: Technical setup is supportive: Ross Stores has held support across multiple time frames after a recent correction, with technical analysts identifying a possible move toward higher Fibonacci targets and a break above the $245 area. Ross Stores Price Forecast: Can ROST Break Above $245?
• Neutral Sentiment: Broker commentary characterizes ROST as a generally favorable investment, but the reports do not identify a major new price-target or rating catalyst. Ross Stores Given Average Recommendation of Moderate Buy
• Neutral Sentiment: The reported August short-interest data shows zero shares and a zero-day ratio, with an undefined percentage change. Because the figures appear incomplete or erroneous, they provide no reliable signal about short-covering or bearish positioning.

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.