Bank of New York Mellon Corp Sells 42,012 Shares of Ross Stores, Inc. $ROST

Bank of New York Mellon Corp cut its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,092,578 shares of the apparel retailer’s stock after selling 42,012 shares during the period. Bank of New York Mellon Corp’s holdings in Ross Stores were worth $318,888,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Ross Stores by 14.8% in the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after acquiring an additional 5,060,954 shares during the period. Norges Bank bought a new stake in shares of Ross Stores in the 2nd quarter worth about $521,159,000. Bank of America Corp DE grew its holdings in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. First Trust Advisors LP increased its position in shares of Ross Stores by 30.1% during the 2nd quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock worth $468,203,000 after purchasing an additional 849,391 shares in the last quarter. Finally, Scopus Asset Management L.P. bought a new position in Ross Stores during the 2nd quarter valued at about $102,281,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

ROST stock opened at $186.50 on Friday. 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 company has a 50 day moving average price of $183.39 and a 200 day moving average price of $161.36. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $194.92. The stock has a market capitalization of $60.32 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 3.55 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $1.48 EPS. 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 EPS for the current year.

Ross Stores Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on ROST. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research note on Wednesday, December 17th. BTIG Research assumed coverage on Ross Stores in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. UBS Group raised their price target on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company lifted their price objective on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Finally, Guggenheim upgraded Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores 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.