Ross Stores, Inc. $ROST Shares Acquired by Pittenger & Anderson Inc.

Pittenger & Anderson Inc. raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 151.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,440 shares of the apparel retailer’s stock after purchasing an additional 3,875 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Ross Stores were worth $1,395,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ROST. Lincoln Capital LLC bought a new stake in shares of Ross Stores during the 1st quarter worth $217,000. Citizens Financial Group Inc. RI raised its position in shares of Ross Stores by 26.2% during the first quarter. Citizens Financial Group Inc. RI now owns 5,871 shares of the apparel retailer’s stock worth $1,272,000 after purchasing an additional 1,220 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Ross Stores by 374.2% during the first quarter. Fifth Third Bancorp now owns 79,489 shares of the apparel retailer’s stock valued at $17,220,000 after purchasing an additional 62,726 shares during the last quarter. Simplicity Wealth LLC lifted its holdings in shares of Ross Stores by 15.0% during the first quarter. Simplicity Wealth LLC now owns 1,479 shares of the apparel retailer’s stock valued at $320,000 after purchasing an additional 193 shares during the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Ross Stores by 2.6% in the 1st quarter. Candriam S.C.A. now owns 22,427 shares of the apparel retailer’s stock valued at $4,858,000 after purchasing an additional 563 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ROST. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. The Goldman Sachs Group reiterated a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $222.88 on Monday. Ross Stores, Inc. has a 1 year low of $126.32 and a 1 year high of $242.81. The company has a market cap of $71.50 billion, a P/E ratio of 31.13, a P/E/G ratio of 2.50 and a beta of 0.87. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $224.25 and a 200 day moving average price of $210.52.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion for 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 for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous 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. As a group, analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. The ex-dividend date of this dividend was 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 presently 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.