Plato Investment Management Ltd Buys New Position in Ross Stores, Inc. $ROST

Plato Investment Management Ltd bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,315 shares of the apparel retailer’s stock, valued at approximately $2,394,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Ross Stores during the fourth quarter valued at approximately $31,000. Virtus Advisers LLC acquired a new stake in Ross Stores during the fourth quarter valued at approximately $32,000. Fideuram Asset Management Ireland dac bought a new stake in Ross Stores during the fourth quarter worth approximately $38,000. Finally, Salomon & Ludwin LLC boosted its holdings in Ross Stores by 89.0% during the fourth 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on ROST. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target on the stock. in a report on Tuesday, June 23rd. Guggenheim reissued a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Barclays upped their target price on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Telsey Advisory Group lifted their price target on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.76.

Ross Stores Trading Down 4.1%

Ross Stores stock opened at $235.28 on Tuesday. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The firm has a market capitalization of $75.47 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 2.74 and a beta of 0.86. The company has a 50 day moving average price of $233.84 and a 200 day moving average price of $220.77.

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 the consensus estimate of $1.73 by $0.29. The company had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company’s revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the business 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. Research analysts forecast that Ross Stores, Inc. will post 7.78 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared 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. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s payout ratio is presently 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.