BI Asset Management Fondsmaeglerselskab A S Has $44.64 Million Stake in Ross Stores, Inc. $ROST

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 98.3% in the first quarter, HoldingsChannel.com reports. The firm owned 206,074 shares of the apparel retailer’s stock after purchasing an additional 102,170 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ross Stores were worth $44,642,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ROST. State Street Corp lifted its holdings in shares of Ross Stores by 0.7% in the fourth quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after purchasing an additional 99,975 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Ross Stores by 1.9% during the third quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after buying an additional 180,182 shares during the last quarter. Morgan Stanley grew its holdings in Ross Stores by 1.5% during the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after buying an additional 79,519 shares in the last quarter. Norges Bank bought a new stake in Ross Stores during the fourth quarter worth $868,360,000. Finally, Viking Global Investors LP raised its position in Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of ROST opened at $232.80 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $74.68 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 2.61 and a beta of 0.86. The stock has a 50 day moving average of $226.33 and a 200 day moving average of $206.35. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results 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 return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period last year, the company posted $1.47 earnings per share. Ross Stores’s quarterly revenue was up 20.6% compared to the same quarter last year. 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, sell-side analysts forecast that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently announced 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 is Tuesday, June 9th. Ross Stores’s payout ratio is presently 24.86%.

Insider Transactions at Ross Stores

In related news, COO Michael J. Hartshorn sold 15,813 shares of the firm’s 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 completion of the sale, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares in the company, valued at approximately $22,331,883.20. This 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 currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on ROST shares. Truist Financial raised their price objective on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $257.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Telsey Advisory Group raised their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $233.18.

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.