CIBC Asset Management Inc Purchases 33,995 Shares of Ross Stores, Inc. $ROST

CIBC Asset Management Inc raised its position in Ross Stores, Inc. (NASDAQ:ROST) by 33.2% in the fourth quarter, HoldingsChannel reports. The fund owned 136,426 shares of the apparel retailer’s stock after purchasing an additional 33,995 shares during the quarter. CIBC Asset Management Inc’s holdings in Ross Stores were worth $24,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROST. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 in the last quarter. City Holding Co. grew its position in 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. JFS Wealth Advisors LLC increased its stake in Ross Stores by 42.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. Fideuram Asset Management Ireland dac acquired a new position in Ross Stores during the fourth quarter worth $38,000. Finally, Salomon & Ludwin LLC raised its holdings in Ross Stores by 89.0% during the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after buying an additional 105 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Insider Transactions at Ross Stores

In related news, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total transaction of $400,897.53. Following the completion of the sale, the director directly owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This trade represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the sale, the chief operating officer owned 116,028 shares in the company, valued at $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,756 shares of company stock worth $5,521,004 in the last 90 days. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROST. UBS Group lifted their price objective on shares of Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a report on Friday, May 22nd. Barclays upped their target price 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. Guggenheim reaffirmed a “buy” rating and issued a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Wells Fargo & Company boosted their price objective on Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. One equities research 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’s stock. According to data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Ross Stores Stock Performance

NASDAQ ROST opened at $233.06 on Friday. The company has a fifty day moving average price of $222.75 and a 200-day moving average price of $201.66. The firm has a market cap of $74.76 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 2.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $237.41.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating 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 analyst estimates of $5.64 billion. During the same period last year, the firm earned $1.47 earnings per share. The firm’s revenue 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. As a group, equities research analysts predict that Ross Stores, Inc. will post 7.75 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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