Assenagon Asset Management S.A. Sells 389,301 Shares of Ross Stores, Inc. $ROST

Assenagon Asset Management S.A. reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 51.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,996 shares of the apparel retailer’s stock after selling 389,301 shares during the period. Assenagon Asset Management S.A. owned 0.11% of Ross Stores worth $78,852,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Street Corp increased its stake 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 worth $2,506,099,000 after acquiring an additional 99,975 shares during the period. Bank of America Corp DE boosted its position in shares of Ross Stores by 1.9% during 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 during the last quarter. Morgan Stanley grew its position in Ross Stores by 1.5% in the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after acquiring an additional 79,519 shares during the period. Norges Bank acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $868,360,000. Finally, Viking Global Investors LP boosted its stake in shares of Ross Stores by 9.9% in the second quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after purchasing an additional 426,370 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

ROST opened at $215.13 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. Ross Stores, Inc. has a 1-year low of $124.49 and a 1-year high of $242.81. The company has a market capitalization of $69.01 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 2.57 and a beta of 0.86. The business has a 50 day moving average price of $226.71 and a two-hundred day moving average price of $207.96.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s revenue was up 20.6% on a year-over-year basis. During the same quarter last year, the business posted $1.47 EPS. 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. Research analysts predict 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. Stockholders of record on Tuesday, June 9th will be given 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 dividend yield of 0.8%. Ross Stores’s dividend payout ratio is currently 24.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Telsey Advisory Group increased their price objective on Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Citigroup raised their price target on shares of Ross Stores from $261.00 to $270.00 and gave the company 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.