Capricorn Fund Managers Ltd Makes New $4.98 Million Investment in Ross Stores, Inc. $ROST

Capricorn Fund Managers Ltd acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 1st quarter, Holdings Channel.com reports. The fund acquired 23,000 shares of the apparel retailer’s stock, valued at approximately $4,982,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. iA Global Asset Management Inc. raised its stake in shares of Ross Stores by 33.9% in the first quarter. iA Global Asset Management Inc. now owns 63,520 shares of the apparel retailer’s stock valued at $13,760,000 after purchasing an additional 16,078 shares in the last quarter. Premier Path Wealth Partners LLC lifted its position in Ross Stores by 30.7% in the first quarter. Premier Path Wealth Partners LLC now owns 3,117 shares of the apparel retailer’s stock worth $675,000 after purchasing an additional 733 shares during the period. Mayflower Financial Advisors LLC boosted its stake in Ross Stores by 9.0% during the first quarter. Mayflower Financial Advisors LLC now owns 1,470 shares of the apparel retailer’s stock worth $318,000 after buying an additional 121 shares in the last quarter. SJS Investment Consulting Inc. boosted its stake in Ross Stores by 139.5% during the first quarter. SJS Investment Consulting Inc. now owns 388 shares of the apparel retailer’s stock worth $84,000 after buying an additional 226 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Ross Stores by 2.3% in the 1st quarter. Apollon Wealth Management LLC now owns 25,735 shares of the apparel retailer’s stock valued at $5,575,000 after buying an additional 576 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Up 1.9%

Shares of NASDAQ:ROST opened at $212.85 on Wednesday. Ross Stores, Inc. has a 52 week low of $126.32 and a 52 week high of $242.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company’s fifty day moving average is $225.93 and its 200-day moving average is $208.64. The company has a market capitalization of $68.28 billion, a PE ratio of 29.73, a P/E/G ratio of 2.35 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its 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 business 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%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter last year, the company posted $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. Equities research analysts predict that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio is currently 24.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Guggenheim restated a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Wells Fargo & Company lowered shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target for the company. in a research report on Tuesday, June 23rd. Barclays raised their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Truist Financial lifted their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. One equities 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.