Volterra Technologies LP Buys New Stake in Ross Stores, Inc. $ROST

Volterra Technologies LP purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, HoldingsChannel reports. The institutional investor purchased 6,132 shares of the apparel retailer’s stock, valued at approximately $1,328,000. Ross Stores accounts for 0.2% of Volterra Technologies LP’s portfolio, making the stock its 28th largest position.

Several other large investors have also recently added to or reduced their stakes in ROST. Independent Advisor Alliance raised its position in Ross Stores by 1.7% in the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock valued at $596,000 after purchasing an additional 55 shares during the period. CYBER HORNET ETFs LLC boosted its position in shares of Ross Stores by 6.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares during the period. Florida Trust Wealth Management Co boosted its position in shares of Ross Stores by 1.7% in the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock worth $612,000 after buying an additional 56 shares during the period. MCF Advisors LLC boosted its position in shares of Ross Stores by 4.6% in the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares during the period. Finally, Caxton Associates LLP grew its stake in shares of Ross Stores by 4.3% in the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after buying an additional 58 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROST has been the topic of several analyst reports. Wells Fargo & Company downgraded Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a report on Tuesday, June 23rd. Truist Financial upped their price target on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. Barclays lifted their price objective on shares of Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

Ross Stores Stock Down 2.4%

Shares of Ross Stores stock opened at $232.39 on Friday. The business has a 50-day moving average of $225.91 and a 200-day moving average of $213.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The company has a market capitalization of $74.55 billion, a PE ratio of 32.46, a P/E/G ratio of 2.68 and a beta of 0.87. Ross Stores, Inc. has a 1-year low of $134.37 and a 1-year high of $242.81.

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, topping analysts’ consensus estimates of $1.73 by $0.29. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the previous year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. 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, equities analysts forecast that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s payout ratio is currently 24.86%.

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.