Delta Global Management LP Has $514,000 Position in Ross Stores, Inc. $ROST

Delta Global Management LP cut its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 83.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,853 shares of the apparel retailer’s stock after selling 13,899 shares during the period. Delta Global Management LP’s holdings in Ross Stores were worth $514,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROST. Woodline Partners LP raised its stake in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after purchasing an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Ross Stores by 2.2% during the 2nd 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 last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on ROST. Citigroup increased their price target on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Wall Street Zen upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 6th. Finally, Guggenheim reiterated a “buy” rating and set a $290.00 price target on shares of Ross Stores in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus target price of $233.18.

Insider Activity

In related news, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the transaction, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the transaction, the chief marketing officer owned 104,648 shares of the company’s stock, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

Ross Stores Trading Down 1.0%

Ross Stores stock opened at $234.49 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The business’s 50-day simple moving average is $225.59 and its 200-day simple moving average is $205.37. The firm has a market capitalization of $75.22 billion, a PE ratio of 32.75, a PEG ratio of 2.66 and a beta of 0.86. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $242.81.

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, topping the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion for 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%. Ross Stores’s quarterly revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share. 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. Equities research analysts forecast that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

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.