T. Rowe Price Investment Management Inc. Lowers Holdings in Ross Stores, Inc. $ROST

T. Rowe Price Investment Management Inc. trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 32.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,704,092 shares of the apparel retailer’s stock after selling 1,320,947 shares during the quarter. T. Rowe Price Investment Management Inc.’s holdings in Ross Stores were worth $487,116,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ROST shares. Wells Fargo & Company boosted their price target on shares of Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Citigroup lifted their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. UBS Group restated a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Insider Activity

In related news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction dated 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 sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. This represents a 11.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. The trade was a 5.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by company insiders.

Ross Stores Stock Performance

NASDAQ ROST opened at $232.80 on Friday. The business’s 50 day moving average price is $226.16 and its 200-day moving average price is $206.16. Ross Stores, Inc. has a fifty-two week low of $124.49 and a fifty-two week high of $242.81. The company has a market cap of $74.68 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.62 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.

Ross Stores (NASDAQ:ROST) last issued its quarterly 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. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the company earned $1.47 earnings per share. 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 predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

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.