Summitry LLC Sells 249,828 Shares of Ross Stores, Inc. $ROST

Summitry LLC trimmed its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 57.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,299 shares of the apparel retailer’s stock after selling 249,828 shares during the period. Ross Stores comprises about 1.4% of Summitry LLC’s portfolio, making the stock its 25th largest position. Summitry LLC’s holdings in Ross Stores were worth $39,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares during the period. Hilton Head Capital Partners LLC acquired a new stake in shares of Ross Stores in the 4th quarter valued at about $26,000. Bard Associates Inc. acquired a new stake in shares of Ross Stores in the 4th quarter valued at about $31,000. City Holding Co. raised its stake in shares of Ross Stores by 1,080.0% in the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Finally, Virtus Advisers LLC bought a new stake in shares of Ross Stores in the fourth quarter valued at about $32,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

NASDAQ:ROST opened at $251.07 on Friday. Ross Stores, Inc. has a 1-year low of $134.37 and a 1-year high of $255.30. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $229.56 and a 200 day simple moving average of $216.00. The stock has a market capitalization of $80.54 billion, a PE ratio of 35.07, a P/E/G ratio of 2.83 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping 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 the consensus estimate of $5.64 billion. During the same period in the previous year, the company earned $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. On average, research analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

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

Wall Street Analysts Forecast Growth

ROST has been the subject of several recent research reports. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective for the company. in a research report on Tuesday, June 23rd. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Finally, JPMorgan Chase & Co. raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $233.18.

About Ross Stores

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.