University of Texas Texas AM Investment Management Co. Makes New Investment in Ross Stores, Inc. $ROST

University of Texas Texas AM Investment Management Co. acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,668 shares of the apparel retailer’s stock, valued at approximately $661,000.

Several other institutional investors have also added to or reduced their stakes in ROST. State Street Corp increased its stake in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after purchasing an additional 99,975 shares during the last quarter. Bank of America Corp DE lifted 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 worth $1,487,720,000 after buying an additional 180,182 shares during the last quarter. Morgan Stanley lifted its position in shares of Ross Stores by 1.5% during the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after buying an additional 79,519 shares during the last quarter. Norges Bank acquired a new stake in Ross Stores in the fourth quarter valued at about $868,360,000. Finally, Viking Global Investors LP boosted its stake in 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 buying an additional 426,370 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the stock in a transaction on 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 in the company, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on ROST. JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Citigroup lifted 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. 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. Barclays raised their target price on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Guggenheim reiterated a “buy” rating and set a $290.00 price target on shares of Ross Stores in a report on Monday, April 27th. One investment 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 stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Price Performance

Ross Stores stock opened at $236.77 on Tuesday. The stock has a market capitalization of $75.95 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.70 and a beta of 0.86. Ross Stores, Inc. has a 52-week low of $124.49 and a 52-week high of $242.81. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The stock’s 50 day moving average price is $225.30 and its two-hundred day moving average price is $204.97.

Ross Stores (NASDAQ:ROST) last released 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 the consensus estimate 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 quarter in the previous year, the company 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 analysts predict that Ross Stores, Inc. will post 7.74 earnings per share for the current year.

Ross Stores Announces Dividend

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. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.

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.