Ross Stores, Inc. $ROST Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 31.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 272,750 shares of the apparel retailer’s stock after selling 124,287 shares during the quarter. Bank of Nova Scotia’s holdings in Ross Stores were worth $59,086,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Ross Stores in the fourth quarter worth about $868,360,000. Marshall Wace LLP raised its holdings in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock worth $276,857,000 after purchasing an additional 1,726,324 shares during the period. Bank of America Corp DE increased its position in shares of Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Viking Global Investors LP increased its position in shares of Ross Stores by 56.5% in the fourth quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after buying an additional 1,143,611 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Ross Stores during the 4th quarter worth approximately $204,750,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

NASDAQ:ROST opened at $238.89 on Friday. The stock has a market capitalization of $76.63 billion, a P/E ratio of 33.36, a PEG ratio of 2.61 and a beta of 0.87. 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 fifty-two week low of $134.37 and a fifty-two week high of $242.81. The company has a 50 day moving average price of $226.43 and a 200 day moving average price of $213.85.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The company’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the business posted $1.47 earnings per share. 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. Equities research analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were given a $0.445 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio is currently 24.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Finally, Truist Financial upped their price target on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.