Ontario Teachers Pension Plan Board Acquires New Position in Ross Stores, Inc. $ROST

Ontario Teachers Pension Plan Board 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 and Exchange Commission. The fund acquired 163,810 shares of the apparel retailer’s stock, valued at approximately $34,867,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Woodline Partners LP boosted its holdings in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. increased its holdings in 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 period. NewEdge Advisors LLC raised its position in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after purchasing an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina raised its position in 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 valued at $19,200,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in 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 valued at $1,605,000 after purchasing an additional 265 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROST. Morgan Stanley set a $231.00 price target on Ross Stores in a research report on Wednesday, August 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Truist Financial increased their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Finally, Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $244.76.

Ross Stores Stock Up 0.5%

Shares of NASDAQ ROST opened at $236.38 on Wednesday. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The stock’s fifty day simple moving average is $233.98 and its two-hundred day simple moving average is $221.12. The stock has a market capitalization of $75.83 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business’s revenue for the quarter 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. As a group, analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

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.