Exceptional Results Drive Growth at Ross Stores (ROST)

1 hour ago 3

Soumya Eswaran

Tue, June 30, 2026 astatine 9:08 AM CDT 3 min read

TimesSquare Capital Management, an equity concern absorption company, released its "U.S. Mid Cap Growth Strategy" first-quarter 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. The Strategy fell 7.72% (net) successful the 4th compared to -6.35% for the Russell Midcap Growth Index. In the archetypal quarter, markets navigated geopolitical tensions and economical resilience alongside impermanent planetary tariffs. High lipid prices and proviso concatenation disruptions followed U.S. and Israeli engagement successful Iran, prompting a displacement to safer assets and a reevaluation of proviso chains and vigor dependencies. Central banks maintained dependable policies contempt energy-driven inflation. In this environment, the Strategy remains focused connected disciplined absorption teams with durable competitory advantages. Please reappraisal the Strategy's apical 5 holdings to summation insights into their cardinal selections for 2026.

In its first-quarter 2026 capitalist letter, TimesSquare Capital U.S. Mid Cap Growth Strategy highlighted Ross Stores, Inc. (NASDAQ:ROST) arsenic 1 of its starring contributors. Ross Stores, Inc. (NASDAQ:ROST) is simply a US-based off-price retail apparel and location manner store operator. On June 29, 2026, Ross Stores, Inc. (NASDAQ:ROST) banal closed astatine $208.83 per share. One-month instrumentality of Ross Stores, Inc. (NASDAQ:ROST) was -6.70%, and its shares gained 60.68% implicit the past 52 weeks. Ross Stores, Inc. (NASDAQ:ROST) has a marketplace capitalization of $66.99 billion.

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the pursuing regarding Ross Stores, Inc. (NASDAQ:ROST) successful its Q1 2026 capitalist letter:

"Our preferences successful the Consumer-oriented sectors thin toward value-oriented oregon specialty retailers, franchise models, premium brands, oregon enactment services for different user companies. Ross Stores, Inc. (NASDAQ:ROST) saw its shares beforehand 21% implicit the 4th aft reporting outstanding results. Execution crossed marketing, lawsuit engagement, caller brands, and the store acquisition demonstrates that their off-price/value-focused exemplary is resonating."

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Ross Stores, Inc. (NASDAQ:ROST) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 83 hedge money portfolios held Ross Stores, Inc. (NASDAQ:ROST) astatine the extremity of the archetypal quarter, up from 71 successful the erstwhile quarter. While we admit the imaginable of Ross Stores, Inc. (NASDAQ:ROST) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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