Janus Henderson Group PLC Lowers Position in Ross Stores, Inc. $ROST

Janus Henderson Group PLC cut its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,465 shares of the apparel retailer’s stock after selling 2,211 shares during the quarter. Janus Henderson Group PLC’s holdings in Ross Stores were worth $8,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Woodline Partners LP grew its position in shares of Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after buying an additional 7,951 shares during the period. Geneos Wealth Management Inc. lifted its position in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares during the period. NewEdge Advisors LLC boosted its stake in 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 acquiring an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Ross Stores by 1.0% during the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in 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 worth $1,605,000 after purchasing an additional 265 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.9%

NASDAQ:ROST opened at $253.22 on Thursday. The stock has a market cap of $81.23 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 2.82 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average price is $230.64 and its 200-day moving average price is $217.43. Ross Stores, Inc. has a 52 week low of $141.91 and a 52 week high of $257.00.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the previous year, the business 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. On average, equities research analysts forecast that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal 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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio is presently 24.86%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ROST. Truist Financial raised their target price on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. boosted their target price on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. One 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 company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $239.12.

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.