Goldman Sachs Group Inc. Has $672.85 Million Position in Ross Stores, Inc. $ROST

Goldman Sachs Group Inc. increased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 17.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,735,138 shares of the apparel retailer’s stock after buying an additional 544,602 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Ross Stores were worth $672,848,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROST. Norges Bank acquired a new stake in Ross Stores during the fourth quarter worth approximately $868,360,000. Holocene Advisors LP acquired a new stake in shares of Ross Stores in the 3rd quarter valued at $351,763,000. Marshall Wace LLP boosted its holdings in shares of 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 in the last quarter. Bank of America Corp DE boosted its holdings in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Ross Stores during the 4th quarter worth $204,750,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price objective on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein restated a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, The Goldman Sachs Group restated a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. The trade was a 5.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer directly owned 116,028 shares in the company, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 25,756 shares of company stock worth $5,521,004. 2.10% of the stock is currently owned by insiders.

Ross Stores Price Performance

Ross Stores stock opened at $232.62 on Thursday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $74.94 billion, a PE ratio of 32.49, a P/E/G ratio of 2.51 and a beta of 0.86. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $237.41. The stock has a 50-day moving average price of $222.40 and a two-hundred day moving average price of $201.15.

Ross Stores (NASDAQ:ROST) last posted 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. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the company earned $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. Analysts expect that Ross Stores, Inc. will post 7.75 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 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.