Sei Investments Co. Grows Holdings in Ross Stores, Inc. $ROST

Sei Investments Co. raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 62.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 394,990 shares of the apparel retailer’s stock after buying an additional 152,156 shares during the period. Sei Investments Co.’s holdings in Ross Stores were worth $85,569,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Ross Stores in the fourth quarter valued at approximately $868,360,000. Marshall Wace LLP increased its holdings in Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the period. Bank of America Corp DE increased its holdings in Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Viking Global Investors LP raised its position in Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after purchasing an additional 1,143,611 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. bought a new stake in Ross Stores during the 4th quarter valued at $204,750,000. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Trading Up 2.8%

Shares of Ross Stores stock opened at $238.89 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $134.37 and a 12-month high of $242.81. The firm has a market capitalization of $76.63 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.61 and a beta of 0.87. The firm’s 50 day simple moving average is $226.43 and its two-hundred day simple moving average is $213.85.

Ross Stores (NASDAQ:ROST) last issued its quarterly 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. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the company earned $1.47 EPS. Ross Stores’s quarterly revenue was up 20.6% on a year-over-year basis. 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 predict that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ROST shares. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Guggenheim restated a “buy” rating and issued a $290.00 price target on shares of Ross Stores in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores 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.