New York State Common Retirement Fund Sells 8,700 Shares of Ross Stores, Inc. $ROST

New York State Common Retirement Fund reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,901 shares of the apparel retailer’s stock after selling 8,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Ross Stores worth $28,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Aspect Partners LLC raised its stake in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the period. American National Bank & Trust purchased a new stake in shares of Ross Stores in the third quarter worth about $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in Ross Stores in the 3rd quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Ross Stores in the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Citigroup raised their price target on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Barclays reissued an “overweight” rating and issued a $205.00 price target on shares of Ross Stores in a report on Tuesday, January 6th. Wells Fargo & Company lifted their price objective on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a research note on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $188.65 on Friday. The firm’s 50-day moving average is $183.68 and its 200 day moving average is $161.76. The stock has a market cap of $61.02 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 3.56 and a beta of 1.01. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90.

Ross Stores (NASDAQ:ROST) last announced its quarterly 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. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm 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. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

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.