QRG Capital Management Inc. Acquires 12,044 Shares of Ross Stores, Inc. $ROST

QRG Capital Management Inc. lifted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,755 shares of the apparel retailer’s stock after purchasing an additional 12,044 shares during the quarter. QRG Capital Management Inc.’s holdings in Ross Stores were worth $14,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in Ross Stores by 7,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after buying an additional 140 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth about $26,000. Bard Associates Inc. bought a new stake in shares of Ross Stores during the 4th quarter worth about $31,000. City Holding Co. boosted its stake in shares of Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in shares of Ross Stores during the 4th quarter valued at about $32,000. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

ROST has been the topic of a number of recent analyst reports. Citigroup raised their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reaffirmed 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 downgraded Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target on the stock. in a report on Tuesday, June 23rd. Truist Financial lifted their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $233.18.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $213.43 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The stock’s 50-day moving average is $225.11 and its 200-day moving average is $209.10. The company has a market cap of $68.46 billion, a P/E ratio of 29.81, a P/E/G ratio of 2.40 and a beta of 0.87. Ross Stores, Inc. has a 52-week low of $126.32 and a 52-week high of $242.81.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data 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. 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 analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the firm earned $1.47 EPS. The firm’s revenue was up 20.6% compared to the same quarter last year. 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 predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Dividend Announcement

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

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.