Intact Investment Management Inc. Sells 16,500 Shares of Ross Stores, Inc. $ROST

Intact Investment Management Inc. cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 63.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 9,400 shares of the apparel retailer’s stock after selling 16,500 shares during the quarter. Intact Investment Management Inc.’s holdings in Ross Stores were worth $1,432,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in ROST. LBP AM SA purchased a new position in Ross Stores in the 3rd quarter worth $3,836,000. Sawgrass Asset Management LLC boosted its position in Ross Stores by 19.2% during the third quarter. Sawgrass Asset Management LLC now owns 1,982 shares of the apparel retailer’s stock valued at $302,000 after buying an additional 319 shares during the period. CIBC Asset Management Inc grew its stake in shares of Ross Stores by 0.5% during the third quarter. CIBC Asset Management Inc now owns 102,431 shares of the apparel retailer’s stock valued at $15,609,000 after buying an additional 537 shares during the last quarter. Sagespring Wealth Partners LLC increased its holdings in shares of Ross Stores by 4.6% in the third quarter. Sagespring Wealth Partners LLC now owns 4,409 shares of the apparel retailer’s stock worth $672,000 after buying an additional 192 shares during the period. Finally, UniSuper Management Pty Ltd lifted its stake in shares of Ross Stores by 10.7% in the 3rd quarter. UniSuper Management Pty Ltd now owns 31,182 shares of the apparel retailer’s stock valued at $4,752,000 after acquiring an additional 3,008 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

ROST has been the subject of several analyst reports. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Citigroup raised their target price on shares of Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. UBS Group lifted their target price on shares of Ross Stores from $169.00 to $181.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $205.00 price target on shares of Ross Stores in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Stock Performance

Ross Stores stock opened at $187.57 on Tuesday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $194.92. The stock’s 50 day simple moving average is $181.84 and its two-hundred day simple moving average is $160.63. 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 stock has a market cap of $60.67 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.60 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The business’s 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. As a group, analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.62 annualized dividend and a yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

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.