iA Global Asset Management Inc. Increases Position in Ross Stores, Inc. $ROST

iA Global Asset Management Inc. grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 33.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,520 shares of the apparel retailer’s stock after purchasing an additional 16,078 shares during the period. iA Global Asset Management Inc.’s holdings in Ross Stores were worth $13,760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Ross Stores by 7,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 140 shares during the period. Hilton Head Capital Partners LLC purchased a new position in Ross Stores during the 4th quarter valued at about $26,000. Bard Associates Inc. purchased a new position in Ross Stores during the 4th quarter valued at about $31,000. City Holding Co. grew its position in Ross Stores by 1,080.0% in the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new position in Ross Stores in the 4th quarter valued at about $32,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 1.9%

ROST stock opened at $212.85 on Wednesday. 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 twelve month low of $126.32 and a twelve month high of $242.81. The company’s 50 day moving average is $225.93 and its two-hundred day moving average is $208.64. The stock has a market cap of $68.28 billion, a P/E ratio of 29.73, a PEG ratio of 2.35 and a beta of 0.86.

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. 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 analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The company’s revenue for the quarter was up 20.6% on a year-over-year basis. 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 expect that Ross Stores, Inc. will post 7.74 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.

Wall Street Analyst Weigh In

ROST has been the topic of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $270.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $230.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price on the stock. in a research note on Tuesday, June 23rd. Finally, Barclays increased their target price on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $233.18.

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.