MidFirst Bank Purchases Shares of 2,262 Ross Stores, Inc. $ROST

MidFirst Bank purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,262 shares of the apparel retailer’s stock, valued at approximately $481,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ROST. Woodline Partners LP raised its stake in Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Ross Stores by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC grew its stake in Ross Stores by 35.8% in the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after buying an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Ross Stores by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after buying an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after buying an additional 265 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. UBS Group restated a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and set a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Barclays lifted their price target on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.76.

Ross Stores Price Performance

ROST stock opened at $235.28 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The firm’s fifty day moving average is $233.84 and its 200 day moving average is $220.77. The firm has a market cap of $75.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 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 analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company 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. Research analysts predict that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 dividend yield of 0.8%. 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.