Hsbc Holdings PLC Purchases 10,175 Shares of Ross Stores, Inc. $ROST

Hsbc Holdings PLC boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 673,254 shares of the apparel retailer’s stock after purchasing an additional 10,175 shares during the quarter. Hsbc Holdings PLC’s holdings in Ross Stores were worth $121,398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Woodline Partners LP increased its position in shares of Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after purchasing an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Insiders Place Their Bets

In other news, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. This trade represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total value of $1,174,980.40. Following the sale, the chief marketing officer 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 disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Ross Stores Price Performance

Ross Stores stock opened at $232.80 on Monday. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $242.81. The company’s 50 day moving average price is $226.33 and its two-hundred day moving average price is $206.55. 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 stock has a market cap of $74.68 billion, a P/E ratio of 32.51, a P/E/G ratio of 2.61 and a beta of 0.86.

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, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, equities analysts predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is currently 24.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ROST shares. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a report on Wednesday, April 8th. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company increased their price target on Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

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.