Meadowbrook Advisors Group LLC Purchases Shares of 12,506 Ross Stores, Inc. $ROST

Meadowbrook Advisors Group LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,506 shares of the apparel retailer’s stock, valued at approximately $2,253,000. Ross Stores makes up about 1.3% of Meadowbrook Advisors Group LLC’s portfolio, making the stock its 24th biggest holding.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after purchasing an additional 99,975 shares in the last quarter. Bank of America Corp DE raised its position in Ross Stores by 1.9% in the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after purchasing an additional 180,182 shares during the period. Morgan Stanley lifted its stake in Ross Stores by 1.5% in the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after purchasing an additional 79,519 shares during the last quarter. Norges Bank bought a new stake in Ross Stores in the fourth quarter worth $868,360,000. Finally, Viking Global Investors LP boosted its position in Ross Stores by 9.9% during the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the sale, the chief marketing officer owned 104,648 shares in the company, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ROST. JPMorgan Chase & Co. raised their price objective on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Citigroup boosted their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Telsey Advisory Group raised their price target on Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research 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 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 given a Hold rating to the company’s stock. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $232.80 on Friday. The firm has a market cap of $74.68 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. Ross Stores, Inc. has a 12-month low of $124.49 and a 12-month high of $242.81. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $226.33 and its two-hundred day simple moving average is $206.35.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (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 analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, June 9th. 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.