Mackenzie Financial Corp Has $9.97 Million Position in Ross Stores, Inc. $ROST

Mackenzie Financial Corp lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,165 shares of the apparel retailer’s stock after acquiring an additional 9,489 shares during the quarter. Mackenzie Financial Corp’s holdings in Ross Stores were worth $9,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Louisbourg Investments Inc. grew its stake in shares of Ross Stores by 54.2% in the 2nd quarter. Louisbourg Investments Inc. now owns 30,235 shares of the apparel retailer’s stock valued at $3,857,000 after buying an additional 10,625 shares in the last quarter. SOA Wealth Advisors LLC. lifted its stake in Ross Stores by 22.0% in the second quarter. SOA Wealth Advisors LLC. now owns 11,676 shares of the apparel retailer’s stock valued at $1,490,000 after acquiring an additional 2,109 shares during the last quarter. Virtus Investment Advisers LLC bought a new stake in Ross Stores in the second quarter worth approximately $1,265,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ross Stores by 1.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,001,526 shares of the apparel retailer’s stock worth $255,355,000 after purchasing an additional 30,232 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in shares of Ross Stores by 0.5% during the 2nd quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after purchasing an additional 51,765 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CMO Karen Fleming sold 2,932 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $149.09, for a total transaction of $437,131.88. Following the completion of the transaction, the chief marketing officer directly owned 88,335 shares in the company, valued at $13,169,865.15. The trade was a 3.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James Grant Conroy sold 39,351 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was 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 in the company, valued at approximately $22,944,338. The trade was a 20.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,720 shares of company stock valued at $7,761,212 in the last three months. 2.20% of the stock is owned by corporate insiders.

Ross Stores Stock Up 0.0%

Ross Stores stock opened at $177.57 on Wednesday. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 28.19, a P/E/G ratio of 3.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $178.80. The firm has a fifty day moving average price of $159.92 and a two-hundred day moving average price of $147.28.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business 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, analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Morgan Stanley raised their target price on Ross Stores from $128.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, August 22nd. TD Cowen boosted their price target on Ross Stores from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Barclays upped their price target on Ross Stores from $164.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Finally, Citigroup increased their price objective on Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a report on Friday, November 21st. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $177.73.

Ross Stores Profile

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.