Ross Stores, Inc. $ROST Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 311,510 shares of the apparel retailer’s stock after selling 30,812 shares during the period. Glenmede Trust Co. NA’s holdings in Ross Stores were worth $67,482,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Woodline Partners LP raised its holdings in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after buying an additional 7,951 shares during the period. Geneos Wealth Management Inc. lifted its position in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Ross Stores by 35.8% in the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after acquiring an additional 2,792 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Ross Stores by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC grew its position in Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

ROST has been the topic of a number of analyst reports. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Telsey Advisory Group upped their target price on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Truist Financial raised their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target on the stock. in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Price Performance

ROST stock opened at $251.07 on Friday. The stock’s 50 day moving average is $229.56 and its two-hundred day moving average is $216.00. Ross Stores, Inc. has a 52-week low of $134.37 and a 52-week high of $255.30. The company has a market capitalization of $80.54 billion, a PE ratio of 35.07, a P/E/G ratio of 2.83 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 (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $5.64 billion. During the same period in the prior year, the business posted $1.47 EPS. The business’s 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. Analysts predict 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 issued 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 0.7%. Ross Stores’s dividend payout ratio is currently 24.86%.

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.