Guggenheim Capital LLC Has $15.41 Million Stock Holdings in Ross Stores, Inc. $ROST

Guggenheim Capital LLC lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 29.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,793 shares of the apparel retailer’s stock after purchasing an additional 27,177 shares during the period. Guggenheim Capital LLC’s holdings in Ross Stores were worth $15,411,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ROST. ICW Investment Advisors LLC grew its position in shares of Ross Stores by 0.4% in the 1st quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock valued at $2,359,000 after acquiring an additional 67 shares during the period. CreativeOne Wealth LLC raised its holdings in shares of Ross Stores by 3.8% in the 1st quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock valued at $247,000 after purchasing an additional 70 shares during the period. Empirical Finance LLC raised its holdings in shares of Ross Stores by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock valued at $1,535,000 after purchasing an additional 74 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in Ross Stores by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock valued at $320,000 after purchasing an additional 76 shares during the last quarter. Finally, Wedmont Private Capital grew its holdings in Ross Stores by 1.4% during the second quarter. Wedmont Private Capital now owns 5,707 shares of the apparel retailer’s stock worth $749,000 after purchasing an additional 79 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

ROST opened at $177.09 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. The business has a fifty day simple moving average of $161.05 and a 200 day simple moving average of $147.70. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $179.05. The company has a market capitalization of $57.59 billion, a PE ratio of 27.67, a price-to-earnings-growth ratio of 3.92 and a beta of 1.03.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 37.21% and a net margin of 9.47%.The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $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. Research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

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

Insiders Place Their Bets

In other Ross Stores news, CMO Karen Fleming sold 2,932 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $149.09, for a total transaction of $437,131.88. Following the transaction, the chief marketing officer owned 88,335 shares in the company, valued at $13,169,865.15. This represents a 3.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO James Grant Conroy sold 39,351 shares of Ross Stores stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the completion of the sale, the chief executive officer owned 157,153 shares of the company’s stock, valued at approximately $22,944,338. The trade was a 20.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 48,720 shares of company stock worth $7,154,172 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Monday. Evercore ISI boosted their target price on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Telsey Advisory Group raised their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Morgan Stanley lifted their price objective on shares of Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Ross Stores from $175.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $180.00.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.