Meadowbrook Advisors Group LLC Decreases Position in Ross Stores, Inc. $ROST

Meadowbrook Advisors Group LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 44.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,974 shares of the apparel retailer’s stock after selling 5,532 shares during the quarter. Meadowbrook Advisors Group LLC’s holdings in Ross Stores were worth $1,511,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROST. Norges Bank acquired a new stake in shares of Ross Stores in the fourth quarter valued at $868,360,000. Holocene Advisors LP purchased a new position in Ross Stores in the third quarter valued at $351,763,000. Marshall Wace LLP grew its stake in Ross Stores by 1,908.8% during 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 in the last quarter. Bank of America Corp DE grew its stake in Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Finally, Viking Global Investors LP increased its holdings in Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock worth $570,590,000 after purchasing an additional 1,143,611 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

ROST opened at $232.80 on Monday. The business’s 50-day simple moving average is $226.33 and its 200-day simple moving average is $206.55. 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 one year low of $124.49 and a one year high of $242.81. The stock has a market capitalization of $74.68 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced 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 firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business’s revenue was up 20.6% on a year-over-year basis. 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. Analysts anticipate 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 will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s payout ratio is currently 24.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Truist Financial increased their price target on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. The Goldman Sachs Group restated a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Citigroup raised their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.18.

Insider Activity at Ross Stores

In related news, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction 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 completion of the sale, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. This represents a 5.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction 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 sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by corporate insiders.

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.