BI Asset Management Fondsmaeglerselskab A S Grows Stake in Ross Stores, Inc. $ROST

BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 126.3% during the third quarter, HoldingsChannel.com reports. The firm owned 40,628 shares of the apparel retailer’s stock after buying an additional 22,675 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Ross Stores were worth $6,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Aspect Partners LLC increased its position in Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 146 shares in the last quarter. American National Bank & Trust acquired a new stake in Ross Stores in the third quarter worth about $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ross Stores during the third quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Ross Stores during the second quarter valued at about $38,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on ROST shares. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. TD Cowen reiterated a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. BTIG Research began coverage on Ross Stores in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Stock Up 0.8%

NASDAQ:ROST opened at $190.71 on Friday. 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 company’s fifty day moving average price is $185.04 and its 200-day moving average price is $163.84. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $194.92. The firm has a market capitalization of $61.69 billion, a P/E ratio of 29.80, a PEG ratio of 3.28 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the previous year, the firm posted $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. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were paid a $0.405 dividend. 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 dividend payout ratio is presently 25.31%.

Ross Stores Profile

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.