Ross Stores, Inc. $ROST Shares Bought by Saturna Capital Corp

Saturna Capital Corp raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 31.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,056 shares of the apparel retailer’s stock after purchasing an additional 2,622 shares during the quarter. Saturna Capital Corp’s holdings in Ross Stores were worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Oslo Pensjonsforsikring AS purchased a new position in shares of Ross Stores in the first quarter worth about $191,000. Baader Bank Aktiengesellschaft boosted its position in Ross Stores by 8.3% during the first quarter. Baader Bank Aktiengesellschaft now owns 4,257 shares of the apparel retailer’s stock worth $922,000 after acquiring an additional 327 shares during the last quarter. Glenview Trust Co grew its stake in Ross Stores by 11.6% during the 1st quarter. Glenview Trust Co now owns 78,112 shares of the apparel retailer’s stock valued at $16,921,000 after acquiring an additional 8,116 shares in the last quarter. One Charles Private Wealth Services LLC purchased a new stake in Ross Stores during the 1st quarter valued at about $229,000. Finally, AlTi Global Inc. raised its holdings in Ross Stores by 3.0% in the 1st quarter. AlTi Global Inc. now owns 3,048 shares of the apparel retailer’s stock valued at $660,000 after acquiring an additional 89 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on ROST. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Guggenheim reiterated a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Finally, Barclays boosted their price objective on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Stock Performance

NASDAQ:ROST opened at $235.81 on Wednesday. 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 firm has a market capitalization of $75.64 billion, a price-to-earnings ratio of 32.93, a PEG ratio of 2.65 and a beta of 0.87. The company’s 50-day moving average is $225.00 and its two-hundred day moving average is $212.91. Ross Stores, Inc. has a 1-year low of $133.14 and a 1-year high of $242.81.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS. 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. Analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) 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.