Allstate Corp Has $4.34 Million Stock Position in Ross Stores, Inc. $ROST

Allstate Corp lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 106.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,104 shares of the apparel retailer’s stock after buying an additional 12,416 shares during the quarter. Allstate Corp’s holdings in Ross Stores were worth $4,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROST. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Ross Stores by 7,000.0% in the fourth 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 during the period. City Holding Co. increased its position in shares of Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. JFS Wealth Advisors LLC increased its position in shares of Ross Stores by 42.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 63 shares during the period. Salomon & Ludwin LLC increased its position in shares of Ross Stores by 89.0% in the fourth quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after purchasing an additional 105 shares during the period. Finally, Cornerstone Planning Group LLC increased its position in shares of Ross Stores by 396.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 248 shares of the apparel retailer’s stock worth $46,000 after purchasing an additional 198 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Ross Stores stock opened at $234.68 on Wednesday. Ross Stores, Inc. has a 12-month low of $124.49 and a 12-month high of $236.29. 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 business’s 50-day moving average price is $220.13 and its two-hundred day moving average price is $198.32. The stock has a market cap of $75.60 billion, a PE ratio of 32.78, a P/E/G ratio of 2.96 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the firm posted $1.47 earnings per share. The business’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. As a group, analysts expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Analysts Set New Price Targets

A number of research analysts recently commented on ROST shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research report on Friday. JPMorgan Chase & Co. lifted their target price on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. UBS Group lifted their target price on Ross Stores from $227.00 to $232.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their target price on Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup lifted their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.

Insider Activity

In related news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patricia H. Mueller sold 1,881 shares of Ross Stores stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total value of $400,897.53. Following the completion of the transaction, the director directly owned 2,159 shares in the company, valued at approximately $460,147.67. This represents a 46.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is currently owned by corporate insiders.

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.