Ross Stores Soars 1.89% on Institutional Shifts

Ross Stores (ROST) surged 1.89% today, marking its third consecutive day of gains, with a cumulative increase of 11.51% over the past three days. The share price reached its highest level since February 2025, with an intraday gain of 2.58%.

Analysts have recently revised their earnings estimates for Ross Stores downward, leading to a Zacks Rank #4 (Sell) rating. This revision suggests a potential decline in the stock price in the near term, as analysts are expressing pessimism about the company's future performance.

Institutional holdings in Ross Stores have seen significant changes. Bank of Nova Scotia notably increased its position in the company during the fourth quarter, which could positively influence the stock price. Conversely, Parnassus Value Equity Fund sold all its shares in Ross Stores, which may negatively impact the stock price. These shifts in institutional holdings reflect differing views on the company's prospects and could contribute to volatility in the stock price.