Pallas Capital Advisors LLC Acquires Shares of 7,252 Ross Stores, Inc. $ROST

Pallas Capital Advisors LLC bought a new position in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,252 shares of the apparel retailer’s stock, valued at approximately $1,544,000.

A number of other large investors also recently modified their holdings of the stock. Cooper Financial Group increased its holdings in shares of Ross Stores by 2.8% in the second quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after buying an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Ross Stores by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares in the last quarter. MCF Advisors LLC boosted its position in Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after buying an additional 57 shares during the last quarter. Finally, Caxton Associates LLP boosted its position in Ross Stores by 4.3% in the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after buying an additional 58 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROST. Guggenheim restated a “buy” rating and set a $290.00 target price on shares of Ross Stores in a research report on Monday, April 27th. Evercore reiterated an “outperform” rating and issued a $276.00 price target on shares of Ross Stores in a report on Monday. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Telsey Advisory Group upped their target price on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $244.76.

Ross Stores Stock Down 4.1%

NASDAQ:ROST opened at $235.28 on Tuesday. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. 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 firm has a market capitalization 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. The stock’s fifty day simple moving average is $233.84 and its 200-day simple moving average is $220.77.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company posted $1.47 earnings per share. The firm’s revenue was up 20.6% on a year-over-year basis. 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 expect that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is 24.86%.

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.