QRG Capital Management Inc. Has $14.24 Million Stake in Ross Stores, Inc. $ROST

QRG Capital Management Inc. raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 65,755 shares of the apparel retailer’s stock after acquiring an additional 12,044 shares during the quarter. QRG Capital Management Inc.’s holdings in Ross Stores were worth $14,245,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new stake in shares of Ross Stores in the fourth quarter valued at about $868,360,000. Holocene Advisors LP bought a new position in Ross Stores during the third quarter valued at about $351,763,000. Marshall Wace LLP increased its stake in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the period. Bank of America Corp DE raised its holdings in Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares in the last quarter. Finally, Viking Global Investors LP raised its holdings in Ross Stores by 56.5% in the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after acquiring an additional 1,143,611 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROST. UBS Group reissued a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Stock Performance

NASDAQ:ROST opened at $213.43 on Friday. The firm has a market capitalization of $68.46 billion, a PE ratio of 29.81, a price-to-earnings-growth ratio of 2.40 and a beta of 0.87. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $126.32 and a 12-month high of $242.81. The firm has a 50-day moving average price of $225.11 and a 200 day moving average price of $209.10.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The company’s quarterly revenue 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. Research analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

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