Pictet Asset Management Holding SA Has $31.20 Million Holdings in Ross Stores, Inc. $ROST

Pictet Asset Management Holding SA lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,040 shares of the apparel retailer’s stock after selling 2,900 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ross Stores were worth $31,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Somerset Trust Co raised its holdings in shares of Ross Stores by 0.4% during the 4th quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock valued at $2,664,000 after purchasing an additional 55 shares in the last quarter. Independent Advisor Alliance boosted its holdings in Ross Stores by 1.7% in the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in Ross Stores by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares during the last quarter. Florida Trust Wealth Management Co increased its position in Ross Stores by 1.7% during the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock worth $612,000 after buying an additional 56 shares during the last quarter. Finally, MCF Advisors LLC increased its position in Ross Stores by 4.6% during the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ROST shares. Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price for the company. in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. UBS Group restated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. One research 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. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Performance

Shares of NASDAQ ROST opened at $212.85 on Wednesday. The firm has a market capitalization of $68.28 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.35 and a beta of 0.86. Ross Stores, Inc. has a one year low of $126.32 and a one year high of $242.81. The business has a fifty day simple moving average of $225.93 and a 200 day simple moving average of $208.64. 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 posted its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the previous year, the firm posted $1.47 earnings per share. The firm’s revenue for the quarter was up 20.6% on a year-over-year basis. 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 expect that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $0.445 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is presently 24.86%.

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.