Ross Stores, Inc. $ROST Shares Sold by Interval Partners LP
by Danessa Lincoln · The Markets DailyInterval Partners LP lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 63.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 269,506 shares of the apparel retailer’s stock after selling 469,234 shares during the quarter. Ross Stores makes up about 0.9% of Interval Partners LP’s holdings, making the stock its 23rd largest position. Interval Partners LP’s holdings in Ross Stores were worth $48,549,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in ROST. Norges Bank acquired a new position in Ross Stores in the 4th quarter valued at about $868,360,000. Holocene Advisors LP acquired a new position in shares of Ross Stores during the 3rd quarter valued at about $351,763,000. Marshall Wace LLP increased its stake in shares of Ross Stores by 1,908.8% during the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares during the last quarter. Finally, Viking Global Investors LP increased its stake in shares of Ross Stores by 56.5% during the 4th quarter. Viking Global Investors LP now owns 3,167,479 shares of the apparel retailer’s stock valued at $570,590,000 after acquiring an additional 1,143,611 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Insider Activity at Ross Stores
In related news, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the sale, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.10% of the company’s stock.
Ross Stores Stock Down 0.5%
NASDAQ ROST opened at $233.25 on Thursday. The business has a 50 day moving average price of $225.83 and a two-hundred day moving average price of $205.77. Ross Stores, Inc. has a fifty-two week low of $124.49 and a fifty-two week high of $242.81. The stock has a market cap of $74.82 billion, a PE ratio of 32.58, a P/E/G ratio of 2.63 and a beta of 0.86. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.
Ross Stores (NASDAQ:ROST – Get Free Report) last announced its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. During the same period in the prior year, the company posted $1.47 EPS. Ross Stores’s quarterly revenue was up 20.6% on a year-over-year basis. 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, sell-side analysts predict that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.
Ross Stores Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio is presently 24.86%.
Wall Street Analyst Weigh In
ROST has been the subject of a number of research analyst reports. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Guggenheim reaffirmed a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a research note on Monday, April 27th. Finally, Telsey Advisory Group upped their price objective on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $233.18.
Check Out Our Latest Report on Ross Stores
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.
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