PDT Partners LLC Purchases New Stake in Ross Stores, Inc. $ROST

PDT Partners LLC acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 26,345 shares of the apparel retailer’s stock, valued at approximately $5,608,000.

A number of other institutional investors have also recently bought and sold shares of the business. Woodline Partners LP increased its holdings in shares of Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Ross Stores by 35.8% during the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after purchasing an additional 2,792 shares during the period. Treasurer of the State of North Carolina boosted its holdings in shares of Ross Stores by 1.0% during the second quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after purchasing an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC grew its position in Ross Stores by 2.2% during the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROST has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $294.00 price objective on shares of Ross Stores in a research note on Friday. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Telsey Advisory Group boosted their price target on shares of Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Wells Fargo & Company upped their price target on shares of Ross Stores from $245.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Citigroup increased their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday. Fifteen research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.76.

Ross Stores News Summary

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 Trading Down 0.1%

NASDAQ:ROST opened at $241.19 on Wednesday. The stock’s 50 day moving average price is $234.04 and its 200 day moving average price is $222.81. Ross Stores, Inc. has a 52 week low of $143.39 and a 52 week high of $257.00. The company 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. 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 (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 analyst estimates of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.56 earnings per share. On average, research analysts forecast that Ross Stores, Inc. will post 8.3 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

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.