Ross Stores, Inc. $ROST Shares Bought by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2,701.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,112 shares of the apparel retailer’s stock after acquiring an additional 19,394 shares during the period. Strengthening Families & Communities LLC’s holdings in Ross Stores were worth $3,064,000 at the end of the most recent quarter.

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

Ross Stores Trading Up 0.8%

Shares of NASDAQ:ROST opened at $190.11 on Tuesday. The firm has a fifty day moving average of $184.00 and a two-hundred day moving average of $162.65. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. 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 price-to-earnings-growth ratio of 3.60 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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. The business had revenue of $5.60 billion during 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%.Ross Stores’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 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. On average, equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research note on Wednesday, December 17th. UBS Group raised their price objective 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. Sanford C. Bernstein reissued a “market perform” rating and set a $170.00 target price on shares of Ross Stores in a research note on Tuesday, January 6th. Bank of America increased their target price on Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. Finally, Evercore ISI lifted their price target on Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Two 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. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Company 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.