PNC Financial Services Group Inc. Has $72.49 Million Stock Position in Ross Stores, Inc. $ROST

PNC Financial Services Group Inc. trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 334,633 shares of the apparel retailer’s stock after selling 4,565 shares during the period. PNC Financial Services Group Inc.’s holdings in Ross Stores were worth $72,492,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ROST. State Street Corp increased its holdings in Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after buying an additional 99,975 shares during the period. Bank of America Corp DE increased its stake in Ross Stores by 20.9% in the second 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 period. Morgan Stanley lifted its stake in Ross Stores by 1.5% during the fourth quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock worth $979,384,000 after purchasing an additional 79,519 shares during the period. Norges Bank acquired a new stake in Ross Stores during the fourth quarter valued at approximately $868,360,000. Finally, Viking Global Investors LP boosted its stake in Ross Stores by 9.9% in the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Price Performance

NASDAQ:ROST opened at $232.39 on Friday. Ross Stores, Inc. has a 1-year low of $134.37 and a 1-year high of $242.81. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a fifty day simple moving average of $225.91 and a 200 day simple moving average of $213.67. The stock has a market capitalization of $74.55 billion, a PE ratio of 32.46, a P/E/G ratio of 2.68 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last issued 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 business had revenue of $6.01 billion during 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%. Ross Stores’s revenue was up 20.6% on a year-over-year basis. During the same period last year, the business 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. On average, research analysts expect that Ross Stores, Inc. will post 7.74 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a $0.445 dividend. 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 dividend payout ratio is currently 24.86%.

Analyst Ratings Changes

ROST has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Citigroup boosted their price objective on Ross Stores from $261.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wells Fargo & Company cut Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a report on Tuesday, June 23rd. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 22nd. Finally, Barclays lifted their price target on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $233.18.

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.