EdgePoint Investment Group Inc. Sells 2,454,496 Shares of Ross Stores, Inc. $ROST

EdgePoint Investment Group Inc. reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 55.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,932,581 shares of the apparel retailer’s stock after selling 2,454,496 shares during the quarter. Ross Stores comprises 3.4% of EdgePoint Investment Group Inc.’s portfolio, making the stock its 14th biggest position. EdgePoint Investment Group Inc.’s holdings in Ross Stores were worth $418,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of ROST. Ethic Inc. raised its position in shares of Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after purchasing an additional 4,847 shares during the period. National Pension Service boosted its holdings in shares of Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after buying an additional 754,816 shares during the period. CWM LLC raised its holdings in shares of Ross Stores by 61.1% during the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after acquiring an additional 17,090 shares during the period. Financial Planning Hawaii Inc. bought a new stake in Ross Stores in the 4th quarter valued at $1,542,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Ross Stores in the 4th quarter worth $204,750,000. Institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROST. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Barclays boosted their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Citigroup lifted their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Price Performance

Shares of ROST opened at $243.35 on Tuesday. The firm has a market cap of $78.06 billion, a PE ratio of 33.99, a price-to-earnings-growth ratio of 2.68 and a beta of 0.87. Ross Stores, Inc. has a 52-week low of $134.37 and a 52-week high of $244.22. The business’s 50 day moving average price is $227.08 and its two-hundred day moving average price is $214.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate 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%. Ross Stores’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were given 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 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.