Daiichi Life Insurance Co. Ltd. Takes $9.29 Million Position in Ross Stores, Inc. $ROST

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, HoldingsChannel reports. The fund acquired 43,624 shares of the apparel retailer’s stock, valued at approximately $9,285,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cooper Financial Group raised its stake in Ross Stores by 2.8% in the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares during the last quarter. Independent Advisor Alliance boosted its stake in Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares during the last quarter. CYBER HORNET ETFs LLC boosted its stake in Ross Stores by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after purchasing an additional 55 shares during the last quarter. MCF Advisors LLC grew its holdings in shares of Ross Stores by 4.6% during the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares in the last quarter. Finally, Caxton Associates LLP grew its holdings in shares of Ross Stores by 4.3% during the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock worth $308,000 after buying an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. Guggenheim reaffirmed a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Wells Fargo & Company upped their price objective on shares of Ross Stores from $245.00 to $248.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group increased their price objective on shares of Ross Stores from $232.00 to $239.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $263.76.

Ross Stores News Roundup

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

• Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
• Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
• Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
• Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores

Ross Stores Stock Up 4.4%

Shares of NASDAQ:ROST opened at $239.04 on Friday. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The stock has a market cap of $76.68 billion, a P/E ratio of 28.94, a PEG ratio of 2.40 and a beta of 0.86. The business has a fifty day moving average of $233.81 and a two-hundred day moving average of $221.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 40.28%. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the company posted $1.56 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current year.

Ross Stores Announces Dividend

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

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.