Ross Stores, Inc. $ROST Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 14.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,106 shares of the apparel retailer’s stock after selling 5,562 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ross Stores were worth $5,197,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC increased its stake in Ross Stores by 3.1% during the third quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock valued at $351,000 after purchasing an additional 69 shares during the last quarter. Empirical Finance LLC grew its position in shares of Ross Stores by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock valued at $1,535,000 after buying an additional 74 shares during the last quarter. Klingman & Associates LLC raised its stake in Ross Stores by 1.5% during the third quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock worth $826,000 after acquiring an additional 79 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Ross Stores by 3.2% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock worth $366,000 after acquiring an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in Ross Stores by 5.5% in the second quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock valued at $239,000 after acquiring an additional 97 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 1.2%

ROST stock opened at $194.85 on Friday. The firm has a market cap of $63.02 billion, a PE ratio of 30.45, a P/E/G ratio of 3.34 and a beta of 0.99. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $197.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $186.33 and a 200 day simple moving average of $165.41.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.Ross Stores’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. 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. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were issued a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is currently 25.31%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ROST shares. Telsey Advisory Group raised their price target on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. UBS Group raised their price target on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Robert W. Baird set a $200.00 price objective on Ross Stores in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Friday, January 9th. Finally, Guggenheim raised Ross Stores to a “strong-buy” rating in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given 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 price target of $189.94.

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.