Knollwood Investment Advisory LLC Has $3.92 Million Stock Holdings in Ross Stores, Inc. $ROST

Knollwood Investment Advisory LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,755 shares of the apparel retailer’s stock after selling 3,199 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Ross Stores were worth $3,919,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Ross Stores by 7,000.0% during 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. Hilton Head Capital Partners LLC acquired a new stake in shares of Ross Stores during the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Ross Stores during the 4th quarter worth about $31,000. City Holding Co. increased its position in shares of Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the 4th quarter worth about $32,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Wells Fargo & Company increased their target price 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. Truist Financial increased their target price on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Up 0.4%

Shares of NASDAQ:ROST opened at $240.13 on Friday. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81. The company’s 50-day moving average price is $224.97 and its two-hundred day moving average price is $204.34. 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 $77.03 billion, a P/E ratio of 33.54, a P/E/G ratio of 2.70 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping 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 firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The company’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, research analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores’s dividend payout ratio is currently 24.86%.

Insider Transactions at Ross Stores

In other Ross Stores 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 transaction of $3,398,371.83. Following the sale, the chief operating officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

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.