24,412 Shares in Ross Stores, Inc. $ROST Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, HoldingsChannel reports. The firm acquired 24,412 shares of the apparel retailer’s stock, valued at approximately $5,196,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ROST. BlackRock Inc. acquired a new stake in Ross Stores during the second quarter worth approximately $5,938,711,000. State Street Corp boosted its holdings in shares of Ross Stores by 0.7% in the 4th quarter. State Street Corp now owns 13,911,953 shares of the apparel retailer’s stock valued at $2,506,099,000 after buying an additional 99,975 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Morgan Stanley grew its position in shares of Ross Stores by 1.5% in the 4th quarter. Morgan Stanley now owns 5,436,788 shares of the apparel retailer’s stock valued at $979,384,000 after buying an additional 79,519 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Ross Stores in the 4th quarter valued at $868,360,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROST. Sanford C. Bernstein upped their price objective on shares of Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a research note on Friday. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Barclays boosted their target price on Ross Stores from $260.00 to $298.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen cut Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Morgan Stanley raised their price target on Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Friday. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $263.76.

Ross Stores Stock Up 1.0%

ROST stock opened at $241.52 on Tuesday. The company’s 50-day moving average price is $233.90 and its 200 day moving average price is $222.44. The company has a market cap of $77.48 billion, a P/E ratio of 29.24, a P/E/G 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 52 week low of $143.39 and a 52 week high of $257.00.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $6.26 billion for 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 firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.56 EPS. On average, research analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

Key Stories Impacting Ross Stores

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

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.