Ross Stores, Inc. $ROST Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.6% during the first quarter, HoldingsChannel.com reports. The fund owned 739,300 shares of the apparel retailer’s stock after selling 35,491 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Ross Stores were worth $160,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Resona Asset Management Co. Ltd. increased its holdings in Ross Stores by 1.0% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 98,498 shares of the apparel retailer’s stock valued at $21,189,000 after purchasing an additional 1,009 shares in the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in Ross Stores in the first quarter valued at about $190,000. Penobscot Investment Management Company Inc. lifted its stake in shares of Ross Stores by 4.2% during the first quarter. Penobscot Investment Management Company Inc. now owns 2,505 shares of the apparel retailer’s stock worth $543,000 after purchasing an additional 100 shares in the last quarter. Cvfg LLC acquired a new position in shares of Ross Stores during the first quarter worth about $225,000. Finally, Jackson Thornton Wealth Management LLC boosted its position in shares of Ross Stores by 12.3% in the first quarter. Jackson Thornton Wealth Management LLC now owns 1,910 shares of the apparel retailer’s stock worth $422,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $220.60 on Friday. Ross Stores, Inc. has a 12 month low of $126.32 and a 12 month high of $242.81. The company’s fifty day moving average is $224.29 and its 200-day moving average is $210.22. 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 $70.76 billion, a price-to-earnings ratio of 30.81, a price-to-earnings-growth ratio of 2.45 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the company earned $1.47 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid 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 0.8%. Ross Stores’s payout ratio is presently 24.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $257.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Finally, Truist Financial upped their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores 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.