Teca Partners LP Decreases Stake in Ross Stores, Inc. $ROST

Teca Partners LP cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 24.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 54,426 shares of the apparel retailer’s stock after selling 18,022 shares during the quarter. Ross Stores accounts for about 8.1% of Teca Partners LP’s portfolio, making the stock its 8th largest position. Teca Partners LP’s holdings in Ross Stores were worth $11,790,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Ross Stores during the 4th quarter valued at $868,360,000. Marshall Wace LLP grew its position in Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after acquiring an additional 1,726,324 shares during the last quarter. Bank of America Corp DE increased its holdings in 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 worth $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Viking Global Investors LP increased its holdings in Ross Stores by 56.5% in the 4th 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 in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new position in Ross Stores in the fourth quarter valued at about $204,750,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Up 1.9%

Shares of NASDAQ:ROST opened at $243.35 on Tuesday. The firm has a market cap of $78.06 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.68 and a beta of 0.87. Ross Stores, Inc. has a 12-month low of $134.37 and a 12-month high of $244.22. The business has a fifty day simple moving average of $227.08 and a 200 day simple moving average of $214.43. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 EPS. 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 predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ROST shares. Truist Financial lifted their price target on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $230.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.