Legal & General Group Plc Takes Position in Ross Stores, Inc. $ROST

Legal & General Group Plc purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,237,256 shares of the apparel retailer’s stock, valued at approximately $476,200,000. Legal & General Group Plc owned approximately 0.70% of Ross Stores at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company acquired a new position in Ross Stores in the second quarter worth $51,589,000. Fiduciary Financial Advisors acquired a new stake in shares of Ross Stores during the second quarter worth $49,000. L2 Asset Management LLC acquired a new stake in shares of Ross Stores during the second quarter worth $395,000. Visionary Wealth Advisors bought a new position in shares of Ross Stores in the 2nd quarter worth about $433,000. Finally, Cibc World Market Inc. bought a new position in shares of Ross Stores in the 2nd quarter worth about $13,831,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ROST. Sanford C. Bernstein boosted their price objective on shares of Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. UBS Group lifted their target price on Ross Stores from $232.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday. Evercore set a $290.00 target price on Ross Stores in a report on Friday. Finally, Barclays upped their target price on Ross Stores from $260.00 to $298.00 and gave the company an “overweight” rating in a report on Friday. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $263.76.

More Ross Stores News

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Strong Q2 results and raised guidance: Ross Stores exceeded quarterly earnings and revenue expectations as customer traffic increased and margins expanded. Management also raised its fiscal 2026 outlook, providing a potential catalyst for further analyst estimate increases. Should You Buy, Sell or Hold Ross Stores Stock Post Q2 Earnings?
• Positive Sentiment: Organic growth remains compelling: An analyst commentary argues that Ross Stores’ underlying performance is stronger than any temporary benefit from tariffs, suggesting sustainable retail momentum and execution. Ross Stores: Forget The Tariff Tailwind; Organic Growth Is Even More Impressive
• Positive Sentiment: Technical setup is supportive: Ross Stores has held support across multiple time frames after a recent correction, with technical analysts identifying a possible move toward higher Fibonacci targets and a break above the $245 area. Ross Stores Price Forecast: Can ROST Break Above $245?
• Neutral Sentiment: Broker commentary characterizes ROST as a generally favorable investment, but the reports do not identify a major new price-target or rating catalyst. Ross Stores Given Average Recommendation of Moderate Buy
• Neutral Sentiment: The reported August short-interest data shows zero shares and a zero-day ratio, with an undefined percentage change. Because the figures appear incomplete or erroneous, they provide no reliable signal about short-covering or bearish positioning.

Ross Stores Stock Down 0.1%

Ross Stores stock opened at $241.19 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. The company has a 50-day simple moving average of $234.04 and a 200-day simple moving average of $222.81. The firm has a market capitalization of $77.37 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.99 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. Ross Stores’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.56 EPS. As a group, equities analysts expect that Ross Stores, Inc. will post 8.3 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s payout ratio is 21.55%.

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.