Ross Stores, Inc. $ROST Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2.3% in the first quarter, Holdings Channel.com reports. The fund owned 1,851,881 shares of the apparel retailer’s stock after selling 44,262 shares during the period. Bank of New York Mellon Corp’s holdings in Ross Stores were worth $401,173,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Ross Stores by 1,509.8% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 31,987 shares of the apparel retailer’s stock worth $6,927,000 after purchasing an additional 30,000 shares during the period. Advisors Preferred LLC acquired a new position in Ross Stores in the 1st quarter worth approximately $505,000. Sanctuary Advisors LLC lifted its stake in Ross Stores by 15.5% in the 1st quarter. Sanctuary Advisors LLC now owns 25,820 shares of the apparel retailer’s stock worth $5,593,000 after acquiring an additional 3,461 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Ross Stores in the 1st quarter valued at about $1,225,000. Finally, Checchi Capital Advisers LLC lifted its position in shares of Ross Stores by 11.8% in the first quarter. Checchi Capital Advisers LLC now owns 3,376 shares of the apparel retailer’s stock worth $731,000 after purchasing an additional 356 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Price Performance

NASDAQ:ROST opened at $233.46 on Friday. 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 stock has a market cap of $74.89 billion, a P/E ratio of 32.61, a PEG ratio of 2.61 and a beta of 0.87. The company has a fifty day moving average price of $224.21 and a 200 day moving average price of $211.92. Ross Stores, Inc. has a one year low of $129.48 and a one year high of $242.81.

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 return on equity of 38.42% and a net margin of 9.74%.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 company posted $1.47 earnings per share. The company’s quarterly 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. Analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. 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%.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research reports. Truist Financial lifted their target price on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Telsey Advisory Group raised their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $233.18.

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.