Ross Stores, Inc. $ROST Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,744 shares of the apparel retailer’s stock after selling 3,526 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Ross Stores were worth $52,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROST. Gateway Investment Advisers LLC grew its position in shares of Ross Stores by 3.1% in 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 raised 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 worth $1,535,000 after purchasing an additional 74 shares during the last quarter. Klingman & Associates LLC lifted its stake in Ross Stores by 1.5% in the 3rd quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock valued at $826,000 after buying an additional 79 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in Ross Stores by 3.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock valued at $366,000 after buying an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its position in Ross Stores by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock worth $239,000 after buying an additional 97 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Up 0.9%

ROST opened at $196.54 on Tuesday. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $197.24. The business has a 50-day moving average of $187.07 and a two-hundred day moving average of $166.60. 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 stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period last year, the company earned $1.48 earnings per share. The company’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. On average, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

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

Wall Street Analyst Weigh In

ROST has been the subject of a number of analyst reports. Bank of America boosted their price target on Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. UBS Group upped their target price on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft set a $221.00 price target on shares of Ross Stores in a report on Thursday, January 8th. Finally, Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price 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.