Intech Investment Management LLC Decreases Stake in Ross Stores, Inc. $ROST

Intech Investment Management LLC lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 36.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,517 shares of the apparel retailer’s stock after selling 16,300 shares during the quarter. Intech Investment Management LLC’s holdings in Ross Stores were worth $5,137,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Ross Stores by 1.9% in the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock worth $1,487,720,000 after acquiring an additional 180,182 shares during the last quarter. Viking Global Investors LP lifted its stake in Ross Stores by 9.9% in the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after acquiring an additional 426,370 shares during the last quarter. Invesco Ltd. lifted its stake in Ross Stores by 5.7% in the third quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer’s stock worth $709,518,000 after acquiring an additional 252,284 shares during the last quarter. First Trust Advisors LP lifted its stake in Ross Stores by 10.2% in the third quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer’s stock worth $616,470,000 after acquiring an additional 375,470 shares during the last quarter. Finally, Marshfield Associates lifted its stake in Ross Stores by 4.1% in the third quarter. Marshfield Associates now owns 4,020,413 shares of the apparel retailer’s stock worth $612,671,000 after acquiring an additional 157,385 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ROST shares. Sanford C. Bernstein reiterated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Truist Financial lifted their price target on shares of Ross Stores from $270.00 to $290.00 and gave the stock 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 note on Friday, May 22nd. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Insiders Place Their Bets

In other news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is owned by corporate insiders.

Ross Stores Price Performance

ROST stock opened at $231.73 on Monday. 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, Inc. has a twelve month low of $124.49 and a twelve month high of $237.41. The company’s 50 day moving average is $221.49 and its two-hundred day moving average is $199.79. The stock has a market cap of $74.65 billion, a P/E ratio of 32.36, a PEG ratio of 2.60 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data 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 company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter last 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. Research analysts expect that Ross Stores, Inc. will post 7.75 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) 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.