Dockside LLC Takes Position in Ross Stores, Inc. $ROST

Dockside LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,406 shares of the apparel retailer’s stock, valued at approximately $614,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Somerset Trust Co raised its position in shares of Ross Stores by 0.4% in the fourth quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock valued at $2,664,000 after buying an additional 55 shares in the last quarter. Independent Advisor Alliance raised its position in shares of Ross Stores by 1.7% in the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock valued at $596,000 after buying an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC raised its position in shares of Ross Stores by 6.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock valued at $172,000 after buying an additional 55 shares in the last quarter. Florida Trust Wealth Management Co raised its position in shares of Ross Stores by 1.7% in the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock valued at $612,000 after buying an additional 56 shares in the last quarter. Finally, MCF Advisors LLC raised its position in shares of Ross Stores by 4.6% in the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after buying an additional 57 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of 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 upgraded shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. UBS Group reiterated a “neutral” rating on shares of Ross Stores in a research report on Wednesday. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Finally, 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 report on Monday, May 18th. One 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $233.18.

Insider Buying and Selling

In related news, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction that occurred on 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 transaction, the chief operating officer directly owned 116,028 shares in the company, valued at $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $240.13 on Monday. The company’s 50 day simple moving average is $224.97 and its 200 day simple moving average is $204.55. The stock has a market capitalization of $77.03 billion, a price-to-earnings ratio of 33.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. 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.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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 business 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%. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm 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. As a group, research analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Announces Dividend

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. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

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.