Rockefeller Capital Management L.P. Raises Stock Position in Ross Stores, Inc. $ROST

Rockefeller Capital Management L.P. lifted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 46,918 shares of the apparel retailer’s stock after buying an additional 13,273 shares during the period. Rockefeller Capital Management L.P.’s holdings in Ross Stores were worth $8,452,000 at the end of the most recent reporting period.

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

Ross Stores Stock Down 5.9%

Shares of NASDAQ ROST opened at $215.13 on Friday. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $242.81. The firm has a 50-day simple moving average of $226.71 and a two-hundred day simple moving average of $207.96. The company has a market cap of $69.01 billion, a P/E ratio of 30.05, a PEG ratio of 2.57 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 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 return on equity of 38.42% and a net margin of 9.74%.The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Research analysts anticipate that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s payout ratio is presently 24.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted 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. JPMorgan Chase & Co. raised their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Telsey Advisory Group lifted their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

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.