SBI Okasan Asset Management Co.Ltd. Takes Position in Ross Stores, Inc. $ROST

SBI Okasan Asset Management Co.Ltd. purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 4th quarter, Holdings Channel.com reports. The fund purchased 10,400 shares of the apparel retailer’s stock, valued at approximately $1,879,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE lifted its holdings 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 buying an additional 180,182 shares during the period. Viking Global Investors LP raised its holdings in Ross Stores by 9.9% in 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 during the period. Invesco Ltd. raised its holdings in Ross Stores by 5.7% in the 3rd quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer’s stock worth $709,518,000 after purchasing an additional 252,284 shares during the period. First Trust Advisors LP raised its holdings in Ross Stores by 10.2% in the 3rd quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer’s stock worth $616,470,000 after purchasing an additional 375,470 shares during the period. Finally, Marshfield Associates raised its holdings in Ross Stores by 4.1% in the 3rd quarter. Marshfield Associates now owns 4,020,413 shares of the apparel retailer’s stock worth $612,671,000 after purchasing an additional 157,385 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Down 2.7%

Shares of Ross Stores stock opened at $227.20 on Friday. The firm has a market cap of $73.19 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.62 and a beta of 0.87. The business has a 50-day moving average price of $221.00 and a 200-day moving average price of $199.30. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $237.41.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data 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. The firm 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 business’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter 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 anticipate that Ross Stores, Inc. will post 7.75 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given 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 (DPR) is currently 24.86%.

Analysts Set New Price Targets

A number of equities analysts recently commented on ROST shares. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Barclays raised their target price on Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday. UBS Group raised their target price on Ross Stores from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Wells Fargo & Company raised their target price on Ross Stores from $235.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Insider Buying and Selling

In related news, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the transaction, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction dated 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 transaction, the chief marketing officer owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 25,756 shares of company stock worth $5,521,004. Corporate insiders own 2.10% of the company’s stock.

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.