Generate Investment Management Ltd Makes New Investment in Ross Stores, Inc. $ROST

Generate Investment Management Ltd purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,236 shares of the apparel retailer’s stock, valued at approximately $484,000.

Other hedge funds also recently made changes to their positions in the company. Ethic Inc. grew its stake in Ross Stores by 25.6% during the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after acquiring an additional 4,847 shares in the last quarter. Financial Planning Hawaii Inc. bought a new stake in Ross Stores during the 4th quarter worth approximately $1,542,000. CWM LLC lifted its stake in Ross Stores by 61.1% in the 4th quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after purchasing an additional 17,090 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ lifted its stake in Ross Stores by 7.1% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 104,406 shares of the apparel retailer’s stock worth $15,910,000 after purchasing an additional 6,941 shares in the last quarter. Finally, NewEdge Wealth LLC boosted its holdings in Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after purchasing an additional 7,353 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROST. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. Telsey Advisory Group increased their price objective on Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Truist Financial boosted their target price on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average price target of $233.18.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $236.97 on Tuesday. The firm has a market capitalization of $76.02 billion, a PE ratio of 33.10, a price-to-earnings-growth ratio of 2.61 and a beta of 0.86. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $242.81. The business’s 50-day moving average price is $226.57 and its 200-day moving average price is $206.97.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.29. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a return on equity of 38.42% and a net margin of 9.74%.Ross Stores’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Sell-side 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 will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued 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 is Tuesday, June 9th. Ross Stores’s payout ratio is presently 24.86%.

Insiders Place Their Bets

In other news, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen Sykes sold 5,506 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by corporate insiders.

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.