Korea Investment CORP Makes New Investment in Ross Stores, Inc. $ROST

Korea Investment CORP purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 319,813 shares of the apparel retailer’s stock, valued at approximately $68,072,000.

Other large investors also recently modified their holdings of the company. Hilton Head Capital Partners LLC bought a new stake in shares of Ross Stores during the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new position in Ross Stores in the 4th quarter valued at about $31,000. Virtus Advisers LLC acquired a new position in Ross Stores during the 4th quarter valued at about $32,000. Fideuram Asset Management Ireland dac acquired a new position in Ross Stores during the 4th quarter valued at about $38,000. Finally, Salomon & Ludwin LLC raised its position in shares of Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after buying an additional 105 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Q2 results exceeded expectations: Ross reported diluted EPS of $2.66 versus the approximately $1.95 consensus estimate, while revenue rose 13.3% year over year to $6.26 billion, ahead of the $6.16 billion forecast. Comparable-store sales increased 10%, supported by stronger customer traffic, improved merchandising and higher margins. Ross Stores Q2 Earnings Top Estimates on Strong Sales Growth Momentum
• Positive Sentiment: Higher outlook signals continued momentum: Management raised fiscal 2026 EPS guidance to $8.61-$8.77, well above the prior outlook and the roughly $7.31 analyst consensus. Third- and fourth-quarter EPS guidance also came in above expectations. The company cited resilient demand for discounted apparel and accessories and raised its fiscal-year store-opening plan to 115 locations. Ross Stores raises annual profit forecast again on discounted apparel demand
• Positive Sentiment: Analysts raised price targets: JPMorgan increased its target to $272 and maintained an Overweight rating, while Robert W. Baird raised its target to $270 and kept an Outperform rating. These revisions reinforce expectations that Ross is gaining market share from rivals. Analysts Boost Forecasts on Ross Stores
• Neutral Sentiment: Approximately $253 million of tariff refunds benefited second-quarter operating income, creating a potential comparison headwind when assessing underlying profitability. Ross Stores Q2 Sales Rise 13% as Diluted EPS Reaches $2.66
• Negative Sentiment: BTIG analyst Robert Drbul reiterated a Hold rating, indicating that strong execution may already be reflected in ROST’s premium valuation. Recent insider activity also showed sales but no purchases, a modest sentiment caution. Analyst Reiterates Hold on Ross Stores

Ross Stores Trading Up 4.4%

Ross Stores stock opened at $239.04 on Friday. The firm has a market cap of $76.68 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The firm’s 50 day moving average price is $233.81 and its two-hundred day moving average price is $221.86. 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 (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a return on equity of 40.28% and a net margin of 10.85%.The company’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.56 EPS. On average, research analysts predict that Ross Stores, Inc. will post 7.81 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. Ross Stores’s dividend payout ratio (DPR) is 21.55%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROST shares. Sanford C. Bernstein upped their price target on shares of Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday. Zacks Research lowered shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. UBS Group boosted their target price on Ross Stores from $232.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. upped their target price on Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $263.76.

Ross Stores 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.