OVERSEA CHINESE BANKING Corp Ltd Invests $6.34 Million in Ross Stores, Inc. $ROST

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,807 shares of the apparel retailer’s stock, valued at approximately $6,341,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cooper Financial Group boosted its holdings in shares of Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock worth $409,000 after buying an additional 52 shares during the period. Independent Advisor Alliance raised its holdings in Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after acquiring an additional 55 shares during the period. CYBER HORNET ETFs LLC raised its holdings in Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after acquiring an additional 55 shares during the period. MCF Advisors LLC lifted its position in Ross Stores by 4.6% during the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after acquiring an additional 57 shares during the last quarter. Finally, Caxton Associates LLP lifted its position in Ross Stores by 4.3% during the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock worth $308,000 after acquiring an additional 58 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Key Stories Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Second-quarter sales increased 13.3% year over year to approximately $6.3 billion, while comparable-store sales rose 10% as customer traffic strengthened. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Reported diluted EPS reached $2.66, up sharply from $1.56 a year earlier and well above consensus estimates near $1.93-$1.94. Several reports characterized the quarter as a double beat on earnings and revenue. Ross Stores Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Ross raised fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the approximately $7.31 consensus cited in the reports. Third-quarter guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Raises Annual Profit Forecast Again
• Positive Sentiment: The company increased its fiscal-year store-opening plan to 115 locations after opening 47 stores during the quarter, supporting longer-term revenue growth.
• Neutral Sentiment: Ross declared its regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend provides ongoing shareholder returns but was not a major change to the investment outlook. Ross Stores Announces Quarterly Dividend
• Negative Sentiment: About $253 million of the quarter’s operating income came from IEEPA tariff refunds. Investors may discount some of the earnings upside because tariff-related benefits could be nonrecurring, leaving underlying margins and demand as key areas to monitor.
• Negative Sentiment: ROST remains near its 52-week high and trades at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after a strong report. Pre-earnings options activity also showed elevated put demand and implied volatility.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROST shares. Guggenheim reaffirmed a “buy” rating and issued a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Truist Financial increased their target price on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Citigroup raised their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $244.76.

Ross Stores Price Performance

Shares of ROST stock opened at $228.99 on Friday. The stock has a 50 day moving average of $233.83 and a two-hundred day moving average of $221.74. 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, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a market capitalization of $73.46 billion, a P/E ratio of 31.98, a P/E/G ratio of 2.61 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 EPS. As a group, equities analysts expect that Ross Stores, Inc. will post 7.81 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s 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.