Berkeley Inc Sells 7,671 Shares of Ross Stores, Inc. $ROST

Berkeley Inc trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 25.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,885 shares of the apparel retailer’s stock after selling 7,671 shares during the quarter. Berkeley Inc’s holdings in Ross Stores were worth $3,487,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Gateway Investment Advisers LLC lifted its stake in shares of Ross Stores by 3.1% in the third quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock valued at $351,000 after buying an additional 69 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of Ross Stores by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock worth $1,535,000 after acquiring an additional 74 shares during the last quarter. Klingman & Associates LLC lifted its position in Ross Stores by 1.5% in the 3rd quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock valued at $826,000 after acquiring an additional 79 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Ross Stores by 3.2% during 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 purchasing an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in Ross Stores by 5.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock valued at $239,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Down 1.4%

Shares of NASDAQ:ROST opened at $189.69 on Wednesday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92. The company has a market capitalization of $61.36 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01. The business has a fifty day moving average price of $179.62 and a two-hundred day moving average price of $159.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90.

Ross Stores (NASDAQ:ROST) last issued 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 company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the previous year, the firm earned $1.48 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. 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 forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s payout ratio is 25.31%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROST. Jefferies Financial Group reissued a “buy” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Monday, December 1st. BTIG Research started coverage on Ross Stores in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on shares of Ross Stores in a report on Thursday, January 8th. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company raised their price target on shares of Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $186.41.

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.