Deutsche Bank AG Acquires Shares of 1,136,574 Ross Stores, Inc. $ROST

Deutsche Bank AG acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,136,574 shares of the apparel retailer’s stock, valued at approximately $241,920,000.

Several other large investors have also modified their holdings of ROST. Norges Bank acquired a new position in shares of Ross Stores in the 4th quarter valued at $868,360,000. Bank of New York Mellon Corp purchased a new stake in Ross Stores in the 2nd quarter valued at $385,441,000. Marshall Wace LLP boosted its stake 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 boosted its stake 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. Finally, Viking Global Investors LP grew 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 worth $570,590,000 after purchasing an additional 1,143,611 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Zacks Research lowered shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Telsey Advisory Group increased their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. JPMorgan Chase & Co. raised their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus price target of $244.76.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $236.38 on Wednesday. The stock has a fifty day moving average price of $233.98 and a 200 day moving average price of $221.12. Ross Stores, Inc. has a 1-year low of $143.39 and a 1-year high of $257.00. 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 company has a market cap of $75.83 billion, a PE ratio of 33.01, a P/E/G ratio of 2.74 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. Ross Stores’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Sell-side analysts forecast that Ross Stores, Inc. will post 7.78 EPS for the current year.

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.