OVERSEA CHINESE BANKING Corp Ltd Invests $6.34 Million in Ross Stores, Inc. $ROST

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 29,807 shares of the apparel retailer’s stock, valued at approximately $6,341,000.

Several other large investors have also recently bought and sold shares of ROST. Hilton Head Capital Partners LLC purchased a new position in Ross Stores during the 4th quarter valued at about $26,000. Bard Associates Inc. purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $31,000. Virtus Advisers LLC purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $32,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC boosted its holdings in shares of Ross Stores by 89.0% during the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 105 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ROST shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Telsey Advisory Group boosted their price target on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. Finally, Wall Street Zen downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Sixteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $244.76.

Trending Headlines about Ross Stores

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

• Positive Sentiment: Second-quarter sales increased 13.3% year over year to approximately $6.3 billion, while comparable-store sales rose 10% as customer traffic strengthened. Ross Stores Reports Strong Second Quarter Sales and Earnings Results
• Positive Sentiment: Reported diluted EPS reached $2.66, up sharply from $1.56 a year earlier and well above consensus estimates near $1.93-$1.94. Several reports characterized the quarter as a double beat on earnings and revenue. Ross Stores Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Ross raised fiscal 2026 EPS guidance to $8.61-$8.77, substantially above the approximately $7.31 consensus cited in the reports. Third-quarter guidance of $1.75-$1.83 and fourth-quarter guidance of $2.17-$2.26 also exceed consensus expectations. Ross Stores Raises Annual Profit Forecast Again
• Positive Sentiment: The company increased its fiscal-year store-opening plan to 115 locations after opening 47 stores during the quarter, supporting longer-term revenue growth.
• Neutral Sentiment: Ross declared its regular quarterly dividend of $0.445 per share, payable September 30 to shareholders of record September 8. The dividend provides ongoing shareholder returns but was not a major change to the investment outlook. Ross Stores Announces Quarterly Dividend
• Negative Sentiment: About $253 million of the quarter’s operating income came from IEEPA tariff refunds. Investors may discount some of the earnings upside because tariff-related benefits could be nonrecurring, leaving underlying margins and demand as key areas to monitor.
• Negative Sentiment: ROST remains near its 52-week high and trades at a relatively demanding valuation, making the stock vulnerable to profit-taking or disappointment even after a strong report. Pre-earnings options activity also showed elevated put demand and implied volatility.

Ross Stores Trading Down 2.4%

Shares of NASDAQ ROST opened at $228.99 on Friday. The business has a 50 day simple moving average of $233.83 and a 200 day simple moving average of $221.74. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The stock has a market cap of $73.46 billion, a price-to-earnings ratio of 31.98, a PEG ratio of 2.61 and a beta of 0.86. 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 issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. On average, research analysts predict that Ross Stores, Inc. will post 7.81 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is 24.86%.

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.