Madison Investments' Mid Cap Fund highlighted Ross Stores as one of its top five contributors in the first quarter of 2026, citing one of the retailer's strongest quarters of same-store-sales growth in some time and management's expectation that sales momentum will continue into 2026. The fund noted that while a favorable consumer environment is benefiting all off-price retailers, Ross is outperforming due to various in-store and marketing initiatives resonating with consumers. Ross Stores shares closed at $208.83 on June 29, 2026, with a one-month return of negative 6.70% and a 52-week gain of 60.68%, giving it a market capitalization of $66.99 billion. The Madison Mid Cap Fund itself declined 4.28% in the quarter, underperforming the Russell Midcap Index's 1.29% return, as a market rotation toward heavy-asset, low-obsolescence businesses and sectors like Energy and Materials posed challenges for the fund's positioning.
Apple Inc.
Alphabet Inc Class CRoss Stores IncStrong same-store-sales growth and positive sales momentum cited by fund