Ross Stores, Inc. $ROST Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,758 shares of the apparel retailer’s stock after selling 4,172 shares during the quarter. Copeland Capital Management LLC’s holdings in Ross Stores were worth $13,678,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CreativeOne Wealth LLC grew its holdings in shares of Ross Stores by 3.8% in the first quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock valued at $247,000 after purchasing an additional 70 shares during the period. Empirical Finance LLC raised its stake in Ross Stores by 0.6% during the second quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock worth $1,535,000 after purchasing an additional 74 shares during the period. Signature Estate & Investment Advisors LLC boosted its holdings in Ross Stores by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock valued at $320,000 after purchasing an additional 76 shares during the last quarter. Wedmont Private Capital boosted its holdings in Ross Stores by 1.4% in the 2nd quarter. Wedmont Private Capital now owns 5,707 shares of the apparel retailer’s stock valued at $749,000 after purchasing an additional 79 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in shares of Ross Stores by 3.2% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock valued at $366,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROST. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Sanford C. Bernstein raised their target price on Ross Stores from $147.00 to $159.00 and gave the stock a “market perform” rating in a research note on Friday, November 21st. Telsey Advisory Group lifted their target price on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. upped their price target on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Wells Fargo & Company increased their price target on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $183.56.

Ross Stores Stock Up 0.4%

NASDAQ:ROST opened at $181.45 on Wednesday. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $185.85. The stock’s fifty day moving average is $170.97 and its two-hundred day moving average is $152.69. The stock has a market capitalization of $58.69 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 3.98 and a beta of 1.03. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the previous year, the business earned $1.48 EPS. The company’s quarterly revenue 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. Research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm 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 dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s dividend payout ratio is currently 25.31%.

Insider Activity at Ross Stores

In related news, insider Stephen C. Brinkley sold 6,437 shares of Ross Stores stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $150.97, for a total value of $971,793.89. Following the completion of the transaction, the insider owned 57,012 shares in the company, valued at approximately $8,607,101.64. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.20% of the company’s stock.

Ross Stores Company Profile

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.