Pictet Asset Management Holding SA Trims Holdings in Ross Stores, Inc. $ROST

Pictet Asset Management Holding SA lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,040 shares of the apparel retailer’s stock after selling 2,900 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Ross Stores were worth $31,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. increased its holdings in Ross Stores by 25.6% in the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after buying an additional 4,847 shares during the last quarter. Financial Planning Hawaii Inc. bought a new position in Ross Stores during the 4th quarter worth approximately $1,542,000. National Pension Service grew its position in shares of Ross Stores by 138.4% in the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after acquiring an additional 754,816 shares in the last quarter. CWM LLC grew its position in shares of Ross Stores by 61.1% in the 4th quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after acquiring an additional 17,090 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its holdings in shares of Ross Stores by 744.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer’s stock valued at $38,131,000 after acquiring an additional 186,619 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ROST shares. Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. The Goldman Sachs Group restated a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. 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 report on Monday, May 18th. Truist Financial boosted their price objective 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. Finally, UBS Group reiterated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Trading Up 1.9%

NASDAQ:ROST opened at $212.85 on Wednesday. The stock has a market cap of $68.28 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 2.35 and a beta of 0.86. 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 1 year low of $126.32 and a 1 year high of $242.81. The business has a fifty day moving average of $225.93 and a 200-day moving average of $208.64.

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

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was 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.