Plato Investment Management Ltd Acquires New Holdings in Ross Stores, Inc. $ROST

Plato Investment Management Ltd bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, Holdings Channel.com reports. The institutional investor bought 11,315 shares of the apparel retailer’s stock, valued at approximately $2,394,000.

Several other large investors also recently added to or reduced their stakes in ROST. Ethic Inc. boosted its stake in shares of Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after acquiring an additional 4,847 shares in the last quarter. National Pension Service lifted its holdings in Ross Stores by 138.4% in the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares during the last quarter. CWM LLC lifted its holdings in Ross Stores by 61.1% in the 4th quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after purchasing an additional 17,090 shares during the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in Ross Stores during the fourth quarter worth approximately $204,750,000. Finally, NewEdge Wealth LLC boosted its position in Ross Stores by 99.5% during the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock worth $2,656,000 after purchasing an additional 7,353 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

Shares of NASDAQ ROST opened at $235.28 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $233.84 and its two-hundred day moving average is $220.77. The company has a market cap of $75.47 billion, a P/E ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $5.64 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s quarterly 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. On average, equities analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on ROST. JPMorgan Chase & Co. lifted their price target 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. Evercore reaffirmed an “outperform” rating and set a $276.00 price objective on shares of Ross Stores in a report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Finally, UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $244.76.

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.