Canoe Financial LP Has $120.45 Million Holdings in Ross Stores, Inc. $ROST

Canoe Financial LP trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 790,377 shares of the apparel retailer’s stock after selling 16,357 shares during the quarter. Ross Stores accounts for approximately 1.7% of Canoe Financial LP’s investment portfolio, making the stock its 26th largest holding. Canoe Financial LP’s holdings in Ross Stores were worth $120,446,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ROST. Compound Planning Inc. bought a new stake in Ross Stores during the 1st quarter worth approximately $256,000. CreativeOne Wealth LLC boosted its stake in Ross Stores by 3.8% in the first quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock worth $247,000 after purchasing an additional 70 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Ross Stores by 4.9% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 15,846 shares of the apparel retailer’s stock worth $2,025,000 after purchasing an additional 735 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Ross Stores during the first quarter worth $3,787,000. Finally, WPG Advisers LLC acquired a new stake in shares of Ross Stores in the first quarter valued at $118,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.5%

Shares of NASDAQ:ROST opened at $179.69 on Friday. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $185.85. The company has a 50 day moving average of $169.50 and a 200-day moving average of $151.54. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market cap of $58.12 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 4.00 and a beta of 1.03.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. Ross Stores’s revenue for the quarter was up 10.4% compared to the same quarter last year. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. On average, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America upped their price target on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Sanford C. Bernstein boosted their target price on shares of Ross Stores from $147.00 to $159.00 and gave the stock a “market perform” rating in a research note on Friday, November 21st. Erste Group Bank assumed coverage on shares of Ross Stores in a research note on Friday, October 31st. They set a “buy” rating on the stock. Barclays raised their price target on shares of Ross Stores from $164.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Citigroup upped their price objective on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.56.

Insider Activity at Ross Stores

In related news, insider Stephen C. Brinkley sold 6,437 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the completion of the sale, the insider owned 57,012 shares in the company, valued at approximately $8,607,101.64. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.20% of the stock is currently owned by company insiders.

About Ross Stores

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.