Robertson Stephens Wealth Management 13F: Cuts ROST Stake by $2M

Robertson Stephens Wealth Management reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) during the period, cutting its stake by 8,615 shares. The details came in a Form 13F filing with the SEC on October 16, 2026.

ROST Ross Stores, Inc.

$238.66 ▲ +31.39% year to date

1M 3M YTD

Daily close · Oct 19, 2026

What Changed in Robertson Stephens Wealth Management's Ross Stores Position

The firm trimmed its position by 75.6% compared to the previous period. It entered the filing with 2,777 shares remaining, down from 11,392 shares. The remaining block carried a reported value of $648,093 at the time of the filing.

Other Institutional Activity in Ross Stores

Other large investors adjusted their holdings in the off-price retailer around the same time. Traphagen Investment Advisors picked up 3,049 shares to finish with 3,049 shares valued at $711,611. Meanwhile, Primecap Management Company trimmed its position slightly by 65,108 shares, leaving it with 9,104,980 shares worth about $2.17 billion.

Ross Stores, Inc. Stock Up 0.8%

Ross Stores shares recently traded around $238.67 as of October 20, 2026, sitting up about 0.8% from the October 16 close of $236.89. The stock has moved between a 52-week low of $154.87 and a high of $257.00 over the past year.

Recent Earnings

The off-price apparel retailer brought in $24.51 billion in trailing twelve month revenue and reported earnings of $8.27 per share. Profitability metrics show a net margin of 10.8% and a return on equity of 42.6%. The company is scheduled to release its next set of financial results on November 19, 2026.

Dividend

Ross Stores pays an annual dividend yielding 0.76%, supported by a payout ratio of 20.6%.

Insider Buying and Selling at Ross Stores, Inc.

Company insiders completed several stock sales earlier in the year. Officer Karen Sykes-Dick sold 5,506 shares on March 25, 2026, at an average price of $213.40 for a total of $1,174,984. Chief Financial Officer William W Sheehan II disposed of 4,883 shares on March 26, 2026, at $216.95 per share, totaling $1,059,367. Later, Chief Executive Officer James Grant Conroy sold 49,205 shares on September 14, 2026, at $229.48 apiece for $11,291,775, and officer Stephen C Brinkley parted with 6,424 shares on the same day at $229.66 each, bringing in $1,475,304.

Analysts Set New Price Targets

Wall Street firms updated their views on the retailer back in August 2026. Citigroup maintained a buy rating with a $290.00 price target on August 21, 2026. Jefferies kept a buy rating and raised its target to $285.00 on the same day. Truist Securities maintained a buy rating with a $310.00 target, Morgan Stanley kept an equal-weight rating with a $234.00 target, and JP Morgan maintained an overweight rating with a $272.00 target.

About Ross Stores

Ross Stores operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS banners across the United States. The company caters to middle-income and value-conscious shoppers by offering discounted designer clothing, footwear, accessories, and home goods.

Bottom Line

Investors will look toward the company's upcoming earnings release on November 19, 2026, for further insight into retail demand. Institutional filing updates will continue to show how large wealth managers adjust their exposure to the stock.