12,128 Shares in Ross Stores, Inc. $ROST Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,128 shares of the apparel retailer’s stock, valued at approximately $2,581,000.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Ross Stores during the 4th quarter worth about $868,360,000. Marshall Wace LLP lifted its stake in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after purchasing an additional 1,726,324 shares during the last quarter. Bank of America Corp DE grew its holdings in 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. Viking Global Investors LP grew its holdings in Ross Stores by 56.5% during the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Ross Stores during the fourth quarter worth approximately $204,750,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of ROST opened at $245.36 on Monday. The firm has a market cap of $78.71 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The firm’s 50-day simple moving average is $233.68 and its 200 day simple moving average is $220.42.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.64 billion. During the same period last year, the business posted $1.47 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Truist Financial upped their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Telsey Advisory Group boosted their target price on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Finally, Morgan Stanley set a $231.00 price target on Ross Stores in a report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.