MidFirst Bank Takes Position in Ross Stores, Inc. $ROST

MidFirst Bank bought a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, Holdings Channel.com reports. The firm bought 2,262 shares of the apparel retailer’s stock, valued at approximately $481,000.

Several other hedge funds also recently made changes to their positions in ROST. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores during the 4th quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Ross Stores in the fourth quarter valued at about $31,000. Virtus Advisers LLC purchased a new position in shares of Ross Stores in the fourth quarter valued at about $32,000. Fideuram Asset Management Ireland dac bought a new position in shares of Ross Stores during the fourth quarter valued at about $38,000. Finally, Salomon & Ludwin LLC raised its stake in shares of Ross Stores by 89.0% during the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock valued at $42,000 after acquiring an additional 105 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Barclays upped their price target on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Finally, Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $244.76.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $235.28 on Tuesday. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The stock has a market capitalization of $75.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86. The company’s 50-day moving average is $233.84 and its 200 day moving average is $220.77. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

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

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) 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.