Pallas Capital Advisors LLC Invests $1.54 Million in Ross Stores, Inc. $ROST

Pallas Capital Advisors LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,252 shares of the apparel retailer’s stock, valued at approximately $1,544,000.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its stake in Ross Stores by 0.7% in the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after acquiring an additional 99,975 shares during the period. Bank of America Corp DE raised its position in shares of Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Morgan Stanley lifted its holdings in shares of Ross Stores by 1.5% during the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock valued at $979,384,000 after purchasing an additional 79,519 shares in the last quarter. Norges Bank bought a new position in shares of Ross Stores during the 4th quarter valued at about $868,360,000. Finally, Viking Global Investors LP grew its position in shares of Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after purchasing an additional 426,370 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $235.28 on Tuesday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The firm has a fifty day simple moving average of $233.84 and a 200 day simple moving average of $220.77. The stock has a market capitalization of $75.47 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

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

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is currently 24.86%.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research reports. Morgan Stanley set a $231.00 target price on Ross Stores in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Zacks Research downgraded shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Barclays raised their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Finally, Telsey Advisory Group boosted their price objective on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.76.

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.