D.A. Davidson & CO. Boosts Stock Position in Ross Stores, Inc. $ROST

D.A. Davidson & CO. raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,530 shares of the apparel retailer’s stock after buying an additional 2,793 shares during the period. D.A. Davidson & CO.’s holdings in Ross Stores were worth $9,681,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ROST. Aspect Partners LLC boosted its position in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares in the last quarter. American National Bank & Trust purchased a new stake in Ross Stores during the third quarter worth approximately $26,000. Bayforest Capital Ltd boosted its holdings in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Ross Stores in the second quarter valued at approximately $38,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Ross Stores during the second quarter worth approximately $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.5%

NASDAQ ROST opened at $187.53 on Wednesday. The firm’s fifty day moving average is $173.49 and its two-hundred day moving average is $154.61. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $189.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The firm has a market cap of $60.66 billion, a PE ratio of 29.30, a P/E/G ratio of 4.11 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. 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. Analysts expect 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 was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were paid 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 was Tuesday, December 9th. Ross Stores’s dividend payout ratio is 25.31%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a report on Monday, November 10th. Citigroup upped their price objective on shares of Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, UBS Group set a $203.00 price target on Ross Stores in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.63.

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.