Ross Stores, Inc. $ROST Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,402,647 shares of the apparel retailer’s stock after selling 18,304 shares during the quarter. Envestnet Asset Management Inc. owned about 0.43% of Ross Stores worth $213,749,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ROST. Woodline Partners LP boosted its holdings in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after buying an additional 117 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Ross Stores during the second quarter worth approximately $38,000. DAVENPORT & Co LLC boosted its stake in Ross Stores by 17.1% during the second quarter. DAVENPORT & Co LLC now owns 8,547 shares of the apparel retailer’s stock worth $1,090,000 after buying an additional 1,247 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in Ross Stores by 7.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,068 shares of the apparel retailer’s stock valued at $264,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ROST shares. Robert W. Baird set a $200.00 price target on Ross Stores in a report on Wednesday, December 17th. Evercore ISI lifted their target price on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. UBS Group boosted their target price on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. BTIG Research began coverage on shares of Ross Stores in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Friday, January 9th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $186.41.

Ross Stores Stock Performance

Shares of ROST stock opened at $189.23 on Friday. 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 firm has a market cap of $61.21 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.28 and a beta of 0.99. The firm’s 50 day moving average price is $184.76 and its 200-day moving average price is $163.45. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $194.92.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm’s revenue for the quarter 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. As a group, equities research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were paid 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 is presently 25.31%.

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.