Sigma Planning Corp Purchases New Stake in Ross Stores, Inc. $ROST

Sigma Planning Corp acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 5,656 shares of the apparel retailer’s stock, valued at approximately $1,225,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Ross Stores during the 4th quarter valued at about $868,360,000. Marshall Wace LLP boosted its position 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 worth $276,857,000 after purchasing an additional 1,726,324 shares during the last quarter. Bank of America Corp DE boosted its position 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 worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. Viking Global Investors LP grew its stake in shares of Ross Stores by 56.5% during the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the period. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of Ross Stores during the fourth quarter worth $204,750,000. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ROST has been the topic of several analyst reports. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Truist Financial upped their price target on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. 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. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Stock Up 0.3%

Shares of ROST stock opened at $233.46 on Friday. Ross Stores, Inc. has a 12-month low of $129.48 and a 12-month high of $242.81. 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 firm has a fifty day moving average of $224.21 and a 200-day moving average of $211.92. The company has a market capitalization of $74.89 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.62 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (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 firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the company earned $1.47 EPS. The company’s revenue 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. As a group, equities research analysts predict that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is currently 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.