Callan Family Office LLC Decreases Stock Holdings in Ross Stores, Inc. $ROST

Callan Family Office LLC lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 5.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 52,142 shares of the apparel retailer’s stock after selling 2,842 shares during the quarter. Callan Family Office LLC’s holdings in Ross Stores were worth $7,946,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 5,060,954 shares during the period. Norges Bank acquired a new stake in Ross Stores in the 2nd quarter worth about $521,159,000. Bank of America Corp DE increased its stake in Ross Stores by 20.9% during 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 buying an additional 1,657,008 shares in the last quarter. First Trust Advisors LP increased its stake in 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 buying an additional 849,391 shares in the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in shares of Ross Stores during the second quarter valued at approximately $102,281,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Up 0.8%

Shares of ROST opened at $190.11 on Tuesday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $194.92. The firm has a market capitalization of $61.49 billion, a P/E ratio of 29.70, a P/E/G ratio of 3.60 and a beta of 0.99. The firm has a 50-day moving average price of $184.00 and a 200 day moving average price of $162.65. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS 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 earnings per share. Ross Stores’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. Sell-side analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business 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. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is presently 25.31%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. TD Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Erste Group Bank initiated coverage on shares of Ross Stores in a report on Friday, October 31st. They set a “buy” rating for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a research report on Monday, December 1st. Deutsche Bank Aktiengesellschaft set a $221.00 price target on shares of Ross Stores in a research report on Thursday, January 8th. Finally, Evercore ISI upped their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.