OP Asset Management Ltd Takes $7.14 Million Position in Ross Stores, Inc. $ROST

OP Asset Management Ltd purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 32,960 shares of the apparel retailer’s stock, valued at approximately $7,140,000.

Several other large investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Ross Stores by 7,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ross Stores during the fourth quarter worth $26,000. Bard Associates Inc. purchased a new stake in Ross Stores during the 4th quarter valued at about $31,000. City Holding Co. lifted its holdings in shares of Ross Stores by 1,080.0% during the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in shares of Ross Stores in the 4th quarter valued at $32,000. 86.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ROST shares. Truist Financial upped their target price 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. lifted their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reiterated 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, fifteen have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Trading Down 5.9%

Shares of NASDAQ ROST opened at $215.13 on Friday. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $242.81. 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 stock has a fifty day simple moving average of $226.71 and a 200-day simple moving average of $207.96. The stock has a market capitalization of $69.01 billion, a PE ratio of 30.05, a PEG ratio of 2.57 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts forecast 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 will be paid on Tuesday, June 30th. Shareholders 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 of this dividend is Tuesday, June 9th. Ross Stores’s payout ratio is 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.