Primecap Management Co. CA Makes New $1.94 Billion Investment in Ross Stores, Inc. $ROST

Primecap Management Co. CA acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 9,104,980 shares of the apparel retailer’s stock, valued at approximately $1,937,995,000. Ross Stores makes up approximately 1.1% of Primecap Management Co. CA’s holdings, making the stock its 20th biggest position. Primecap Management Co. CA owned 2.84% of Ross Stores at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ROST. PDT Partners LLC purchased a new position in Ross Stores in the second quarter worth $5,608,000. Canada Pension Plan Investment Board bought a new position in Ross Stores in the second quarter valued at $238,522,000. Nicholas Investment Partners LP purchased a new stake in Ross Stores during the second quarter valued at about $2,559,000. Legal & General Group Plc bought a new stake in Ross Stores during the second quarter worth about $476,200,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Ross Stores during the second quarter worth about $51,589,000. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a report on Friday, August 21st. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Jefferies Financial Group upped their target price on Ross Stores from $265.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday. Telsey Advisory Group increased their price target on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Morgan Stanley lifted their price target on shares of Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Friday. Fifteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Stock Down 0.1%

Shares of NASDAQ:ROST opened at $241.19 on Wednesday. The stock’s 50-day moving average price is $234.04 and its 200-day moving average price is $222.81. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The stock has a market capitalization of $77.37 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 1.99 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the previous year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts anticipate that Ross Stores, Inc. will post 8.3 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s payout ratio is 21.55%.

Ross Stores News Roundup

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Strong Q2 results and raised guidance: Ross Stores exceeded quarterly earnings and revenue expectations as customer traffic increased and margins expanded. Management also raised its fiscal 2026 outlook, providing a potential catalyst for further analyst estimate increases. Should You Buy, Sell or Hold Ross Stores Stock Post Q2 Earnings?
• Positive Sentiment: Organic growth remains compelling: An analyst commentary argues that Ross Stores’ underlying performance is stronger than any temporary benefit from tariffs, suggesting sustainable retail momentum and execution. Ross Stores: Forget The Tariff Tailwind; Organic Growth Is Even More Impressive
• Positive Sentiment: Technical setup is supportive: Ross Stores has held support across multiple time frames after a recent correction, with technical analysts identifying a possible move toward higher Fibonacci targets and a break above the $245 area. Ross Stores Price Forecast: Can ROST Break Above $245?
• Neutral Sentiment: Broker commentary characterizes ROST as a generally favorable investment, but the reports do not identify a major new price-target or rating catalyst. Ross Stores Given Average Recommendation of Moderate Buy
• Neutral Sentiment: The reported August short-interest data shows zero shares and a zero-day ratio, with an undefined percentage change. Because the figures appear incomplete or erroneous, they provide no reliable signal about short-covering or bearish positioning.

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.