Alcosta Capital Management Inc. Buys New Stake in Ross Stores, Inc. $ROST

Alcosta Capital Management Inc. purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 1st quarter, Holdings Channel.com reports. The firm purchased 14,238 shares of the apparel retailer’s stock, valued at approximately $3,084,000. Ross Stores accounts for approximately 2.4% of Alcosta Capital Management Inc.’s holdings, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in 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 valued at $26,000 after buying an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores in the fourth quarter valued at about $26,000. Bard Associates Inc. acquired a new position in Ross Stores during the 4th quarter worth about $31,000. City Holding Co. lifted its position in Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after buying an additional 162 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Ross Stores during the 4th quarter worth about $32,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Down 2.4%

NASDAQ ROST opened at $232.39 on Friday. The company has a market cap of $74.55 billion, a PE ratio of 32.46, a PEG ratio of 2.68 and a beta of 0.87. The stock has a 50 day moving average of $225.91 and a 200-day moving average of $213.67. Ross Stores, Inc. has a 12 month low of $134.37 and a 12 month high of $242.81. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. Ross Stores’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, equities research analysts anticipate that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is 24.86%.

Analysts Set New Price Targets

ROST has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. 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 research note on Friday, May 22nd. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Citigroup boosted their price objective on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research 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 company. According to MarketBeat, Ross Stores currently 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.