GSA Capital Partners LLP Takes $1.41 Million Position in Ross Stores, Inc. $ROST

GSA Capital Partners LLP purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, Holdings Channel reports. The fund purchased 9,258 shares of the apparel retailer’s stock, valued at approximately $1,411,000.

Several other large investors also recently added to or reduced their stakes in the stock. Aspect Partners LLC increased its position in shares of Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust bought a new position in Ross Stores in the third quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new position in Ross Stores during the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. raised its position in Ross Stores by 162.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of Ross Stores in the 2nd quarter worth $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Guggenheim upgraded Ross Stores to a “strong-buy” rating in a research note on Wednesday, December 10th. Bank of America boosted their price target on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. The Goldman Sachs Group upped their price target on shares of Ross Stores from $190.00 to $214.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Citigroup lifted their price objective on shares of Ross Stores from $188.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Robert W. Baird set a $200.00 target price on Ross Stores in a report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $190.94.

Ross Stores Trading Up 0.8%

NASDAQ:ROST opened at $198.21 on Wednesday. The stock has a market capitalization of $64.11 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.41 and a beta of 0.99. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $198.98. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The firm has a 50 day moving average of $187.49 and a 200 day moving average of $167.03.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue 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, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

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.