Ross Stores, Inc. $ROST Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 88,169 shares of the apparel retailer’s stock after selling 2,563 shares during the quarter. Ross Stores comprises 3.4% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 8th biggest position. North Point Portfolio Managers Corp OH’s holdings in Ross Stores were worth $19,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Woodline Partners LP boosted its holdings in Ross Stores by 39.9% in the 1st 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 during the period. Geneos Wealth Management Inc. grew its position in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Ross Stores by 35.8% during the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after purchasing an additional 2,792 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Ross Stores by 1.0% in the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after buying an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Ross Stores by 2.2% in the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after buying an additional 265 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $212.85 on Wednesday. Ross Stores, Inc. has a 1 year low of $126.32 and a 1 year high of $242.81. The stock has a market capitalization of $68.28 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 2.35 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. The company’s 50 day simple moving average is $225.93 and its 200 day simple moving average is $208.64.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion during 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 period in the prior year, the company 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. As a group, research analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is currently 24.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ROST shares. Truist Financial increased their price target on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Telsey Advisory Group lifted their price objective on Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a report on Tuesday, June 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Company 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.