Opal Capital LLC Makes New Investment in Ross Stores, Inc. $ROST

Opal Capital LLC bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,408 shares of the apparel retailer’s stock, valued at approximately $738,000.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Ross Stores in the fourth quarter valued at $868,360,000. Marshall Wace LLP increased its holdings in shares of Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after purchasing an additional 1,726,324 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of Ross Stores by 56.5% in the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after purchasing an additional 1,143,611 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Ross Stores during the fourth quarter worth about $204,750,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Trading Up 3.2%

Shares of Ross Stores stock opened at $251.03 on Wednesday. Ross Stores, Inc. has a 1 year low of $134.37 and a 1 year high of $252.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The business has a 50 day moving average price of $227.84 and a 200 day moving average price of $214.88. The company has a market capitalization of $80.53 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.73 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter last year, the business posted $1.47 earnings per share. Ross Stores’s revenue 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. Sell-side analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ROST shares. Guggenheim reaffirmed a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Truist Financial raised their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Citigroup boosted their target price on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their price target on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

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.