31,800 Shares in Ross Stores, Inc. $ROST Bought by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, Holdings Channel.com reports. The fund purchased 31,800 shares of the apparel retailer’s stock, valued at approximately $5,728,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Ross Stores by 1.9% in the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after acquiring an additional 180,182 shares during the period. Norges Bank purchased a new stake in Ross Stores in the fourth quarter worth $868,360,000. Viking Global Investors LP lifted its stake in Ross Stores by 9.9% in the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after acquiring an additional 426,370 shares during the period. Invesco Ltd. lifted its stake in Ross Stores by 5.7% in the third quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer’s stock worth $709,518,000 after acquiring an additional 252,284 shares during the period. Finally, First Trust Advisors LP lifted its stake in Ross Stores by 10.2% in the third quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer’s stock worth $616,470,000 after acquiring an additional 375,470 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Insider Buying and Selling at Ross Stores

In other news, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer owned 116,028 shares of the company’s stock, 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. 2.10% of the stock is owned by company insiders.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $240.13 on Friday. Ross Stores, Inc. has a 1-year low of $124.49 and a 1-year high of $242.81. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The business has a fifty day moving average price of $224.97 and a 200-day moving average price of $204.34. The company has a market capitalization of $77.03 billion, a PE ratio of 33.54, a PEG ratio of 2.69 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.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 company earned $1.47 earnings per share. The company’s revenue was up 20.6% on a year-over-year basis. 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. As a group, equities analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on ROST shares. Truist Financial raised their price target on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. raised their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research note on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

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.