Oppenheimer Asset Management Inc. Purchases New Shares in Ross Stores, Inc. $ROST

Oppenheimer Asset Management Inc. purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, HoldingsChannel reports. The fund purchased 12,128 shares of the apparel retailer’s stock, valued at approximately $2,581,000.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ROST shares. Citigroup boosted their price target on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Finally, Telsey Advisory Group increased their target price on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $240.00.

Ross Stores Price Performance

ROST stock opened at $245.36 on Monday. The company has a 50 day simple moving average of $233.68 and a 200 day simple moving average of $220.42. The stock has a market cap of $78.71 billion, a price-to-earnings ratio of 34.27, a P/E/G ratio of 2.74 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 company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, beating the consensus estimate of $1.73 by $0.29. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the prior year, the firm earned $1.47 EPS. The firm’s revenue 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. Research analysts anticipate that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th were paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend 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.