Royal Bank of Canada Has $479.30 Million Position in Ross Stores, Inc. $ROST

Royal Bank of Canada lessened its position in Ross Stores, Inc. (NASDAQ:ROST) by 5.6% in the 1st quarter, Holdings Channel reports. The firm owned 2,212,512 shares of the apparel retailer’s stock after selling 130,703 shares during the period. Royal Bank of Canada’s holdings in Ross Stores were worth $479,295,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Ross Stores during the fourth quarter worth $868,360,000. Marshall Wace LLP increased its position in shares of Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after buying an additional 1,726,324 shares in the last quarter. Bank of America Corp DE raised its stake in Ross Stores by 20.9% during 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 buying an additional 1,657,008 shares during the period. Viking Global Investors LP lifted its holdings in Ross Stores by 56.5% during the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after acquiring an additional 1,143,611 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired 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 3.2%

Shares of ROST opened at $251.03 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $134.37 and a 12 month high of $252.09. The firm’s 50 day moving average is $227.84 and its 200-day moving average is $214.88. The stock has a market capitalization of $80.53 billion, a PE ratio of 35.06, a P/E/G ratio of 2.73 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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 analysts’ expectations of $5.64 billion. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Equities research analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

Analyst Upgrades and Downgrades

ROST has been the topic of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Wells Fargo & Company cut shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target on the stock. in a research report on Tuesday, June 23rd. Truist Financial upped their target price on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. One equities research 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. According to MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and an average 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.