Summit Global Investments Purchases Shares of 2,706 Ross Stores, Inc. $ROST

Summit Global Investments acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,706 shares of the apparel retailer’s stock, valued at approximately $576,000.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. purchased a new stake in Ross Stores in the second quarter valued at approximately $2,581,000. Bryn Mawr Trust Advisors LLC acquired a new position in Ross Stores in the 2nd quarter worth approximately $1,413,000. Dockside LLC purchased a new position in Ross Stores during the 2nd quarter worth approximately $1,036,000. Tema ETFs LLC raised its position in Ross Stores by 9.5% during the 2nd quarter. Tema ETFs LLC now owns 8,328 shares of the apparel retailer’s stock worth $1,773,000 after buying an additional 725 shares during the last quarter. Finally, E. Ohman J or Asset Management AB lifted its stake in Ross Stores by 30.8% during the 2nd quarter. E. Ohman J or Asset Management AB now owns 13,291 shares of the apparel retailer’s stock valued at $2,829,000 after acquiring an additional 3,130 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $245.36 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The stock has a market capitalization of $78.71 billion, a price-to-earnings ratio of 34.27, a PEG ratio of 2.74 and a beta of 0.86. The firm’s 50 day simple moving average is $233.68 and its 200-day simple moving average is $220.19. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00.

Ross Stores (NASDAQ:ROST) last posted 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 firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.47 EPS. 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. Analysts expect that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Dividend Announcement

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

Analyst Upgrades and Downgrades

ROST has been the topic of several recent research reports. Telsey Advisory Group upped their price objective on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. JPMorgan Chase & Co. boosted 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. Barclays upped their price target on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Citigroup lifted their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.00.

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.