JLB & Associates Inc. Buys Shares of 121,145 Ross Stores, Inc. $ROST

JLB & Associates Inc. bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, HoldingsChannel reports. The firm bought 121,145 shares of the apparel retailer’s stock, valued at approximately $25,786,000. Ross Stores comprises about 3.4% of JLB & Associates Inc.’s holdings, making the stock its 7th biggest holding.

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

Ross Stores Trading Up 0.5%

Shares of Ross Stores stock opened at $236.38 on Wednesday. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two week high of $257.00. The business’s fifty day moving average is $233.98 and its two-hundred day moving average is $221.12. 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 firm has a market cap of $75.83 billion, a PE ratio of 33.01, a P/E/G ratio of 2.74 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The business 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%.The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the business 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. Analysts anticipate that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Analyst Ratings Changes

ROST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Citigroup increased 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. 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 note on Monday, May 18th. Wells Fargo & Company lowered shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a report on Tuesday, June 23rd. Finally, Barclays raised their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Sixteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.76.

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.