Generate Investment Management Ltd Acquires Shares of 2,236 Ross Stores, Inc. $ROST

Generate Investment Management Ltd bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,236 shares of the apparel retailer’s stock, valued at approximately $484,000.

Several other hedge funds have also bought and sold shares of ROST. State Street Corp grew its holdings in shares of Ross Stores by 0.7% during 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 buying an additional 99,975 shares during the last quarter. Bank of America Corp DE lifted its position in Ross Stores by 1.9% in the 3rd 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 acquiring an additional 180,182 shares in the last quarter. Morgan Stanley boosted its stake in Ross Stores by 1.5% during the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock valued at $979,384,000 after purchasing an additional 79,519 shares during the last quarter. Norges Bank bought a new stake in Ross Stores during the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP increased its holdings in Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock worth $605,704,000 after purchasing an additional 426,370 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Guggenheim restated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Truist Financial increased their price target on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Telsey Advisory Group lifted their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Stock Performance

NASDAQ ROST opened at $236.97 on Tuesday. The company has a market capitalization of $76.02 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. Ross Stores, Inc. has a 52-week low of $124.49 and a 52-week high of $242.81. The company has a 50-day simple moving average of $226.57 and a 200 day simple moving average of $206.97.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating 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 analysts’ expectations of $5.64 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s quarterly 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. On average, research analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio is presently 24.86%.

Insider Activity at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the transaction, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at $22,331,883.20. This represents a 5.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is currently 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.