17,574 Shares in Ross Stores, Inc. $ROST Purchased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,574 shares of the apparel retailer’s stock, valued at approximately $3,741,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Globeflex Capital L P acquired a new position in Ross Stores in the 2nd quarter valued at about $151,000. Haverford Trust Co acquired a new stake in shares of Ross Stores during the second quarter worth about $136,000. Bank of Nova Scotia acquired a new stake in shares of Ross Stores during the second quarter worth about $59,287,000. Elevation Point Wealth Partners LLC purchased a new position in shares of Ross Stores in the second quarter valued at approximately $5,577,000. Finally, Alta Advisers Ltd purchased a new position in shares of Ross Stores in the second quarter valued at approximately $254,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

More Ross Stores News

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Earnings beat supports upside: Ross Stores substantially exceeded quarterly EPS expectations and reported double-digit revenue growth, reinforcing investor confidence in its off-price retail model. Ross Stores Trounces Earnings, Set To Retake Buy Point
• Positive Sentiment: Higher price targets: JPMorgan raised its price target to $272, while Robert W. Baird forecast strong potential appreciation. These actions suggest some analysts see additional upside following the earnings performance. JPMorgan Raises Ross Stores Price Target Baird Forecasts Strong Price Appreciation
• Positive Sentiment: Technical setup improves: A market forecast indicates that recent support has held across multiple timeframes, potentially allowing ROST to break above $245 and pursue higher technical targets. Ross Stores Price Forecast
• Neutral Sentiment: Analyst consensus remains constructive: Ross Stores carries an average “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction. Ross Stores Moderate Buy Recommendation
• Neutral Sentiment: UBS maintained a Hold rating, providing a counterpoint to the more bullish price-target revisions. UBS Maintains Hold Rating
• Neutral Sentiment: Investor attention remains focused on retail momentum and ROST’s outperformance versus TJX, although commentary from Jim Cramer is not a fundamental earnings catalyst. Jim Cramer Discusses Ross Stores and TJX

Ross Stores Stock Up 1.0%

ROST stock opened at $241.52 on Tuesday. The stock has a market cap of $77.48 billion, a P/E ratio of 29.24, a PEG ratio of 2.30 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The company’s 50 day moving average is $233.90 and its two-hundred day moving average is $222.44.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. Research analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio is currently 21.55%.

Analyst Upgrades and Downgrades

ROST has been the topic of several recent research reports. Telsey Advisory Group upped their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $294.00 price target on shares of Ross Stores in a research report on Friday. Wells Fargo & Company boosted their price target on shares of Ross Stores from $245.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup upped their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 20th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average price target of $263.76.

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.