Glenview Trust Co Raises Stake in Ross Stores, Inc. $ROST

Glenview Trust Co boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 917.7% during the 4th quarter, HoldingsChannel reports. The firm owned 69,996 shares of the apparel retailer’s stock after purchasing an additional 63,118 shares during the period. Glenview Trust Co’s holdings in Ross Stores were worth $12,609,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. City Holding Co. lifted its stake in shares of Ross Stores by 1,080.0% in the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 162 shares during the period. JFS Wealth Advisors LLC lifted its stake in shares of Ross Stores by 42.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 63 shares during the period. Salomon & Ludwin LLC lifted its stake in shares of Ross Stores by 89.0% in the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 105 shares during the period. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Ross Stores by 396.0% in the 4th quarter. Cornerstone Planning Group LLC now owns 248 shares of the apparel retailer’s stock worth $46,000 after acquiring an additional 198 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $234.81 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $235.80. The firm has a 50-day moving average price of $219.06 and a 200 day moving average price of $197.30. The stock has a market capitalization of $75.64 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 3.11 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 39.02%. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last year, the business earned $1.47 earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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 anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

Insider Activity at Ross Stores

In related news, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction dated 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 sale, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at $24,935,577.48. This trade represents a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 25,756 shares of company stock worth $5,521,004 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Trending Headlines about Ross Stores

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

• Positive Sentiment: Ross Stores reported Q1 EPS of $2.02, easily topping estimates, while revenue of $6.01 billion also exceeded forecasts; same-store sales jumped 17% and revenue rose 20.6% year over year. Ross Stores Reports Robust First Quarter Sales and Earnings Results, Significantly Exceeding Guidance
• Positive Sentiment: The company raised full-year EPS guidance to $7.50-$7.74 and increased its comparable-sales outlook to 6%-7%, signaling continued momentum after a strong quarter. Ross Stores Lifts Outlook as Sales Jump
• Positive Sentiment: Analysts turned more bullish after the beat, with Citigroup lifting its price target to $270 and other firms raising forecasts, reinforcing the post-earnings rally. These Analysts Boost Their Forecasts On Ross Stores After Better-Than-Expected Q1 Results
• Positive Sentiment: Multiple market commentaries highlighted Ross Stores as a beneficiary of consumer demand for value and noted the stock hitting a 52-week high after the earnings release. Why Ross Stores Stock Climbed Today

Analyst Ratings Changes

ROST has been the subject of several recent analyst reports. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 target price on shares of Ross Stores in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research note on Friday. Wells Fargo & Company raised their target price on shares of Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Telsey Advisory Group raised their target price on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.88.

Ross Stores 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.