MAI Capital Management Grows Position in Ross Stores, Inc. $ROST

MAI Capital Management boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 27.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,079 shares of the apparel retailer’s stock after acquiring an additional 670 shares during the quarter. MAI Capital Management’s holdings in Ross Stores were worth $393,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Ross Stores by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after purchasing an additional 5,060,954 shares in the last quarter. Primecap Management Co. CA raised its stake in Ross Stores by 0.5% in the second quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock valued at $1,310,081,000 after buying an additional 51,765 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Ross Stores by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock worth $1,102,077,000 after buying an additional 133,005 shares during the last quarter. EdgePoint Investment Group Inc. boosted its position in shares of Ross Stores by 59.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer’s stock worth $518,200,000 after acquiring an additional 1,509,815 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Ross Stores by 5.0% in the 1st quarter. Invesco Ltd. now owns 3,997,575 shares of the apparel retailer’s stock valued at $510,850,000 after acquiring an additional 192,148 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Up 0.7%

Shares of Ross Stores stock opened at $177.69 on Thursday. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $178.09. The company has a market cap of $57.79 billion, a P/E ratio of 28.20, a PEG ratio of 3.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. The firm has a fifty day moving average of $157.39 and a two-hundred day moving average of $146.57.

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, topping analysts’ consensus estimates of $1.38 by $0.20. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.38 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s dividend payout ratio is 25.31%.

Insiders Place Their Bets

In other Ross Stores news, 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 value 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. This trade represents a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the business’s stock in a transaction 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 sale, the chief marketing officer 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 disclosure for this sale is available in the SEC filing. Insiders sold 52,720 shares of company stock valued at $7,761,212 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ROST has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, August 22nd. Evercore ISI raised their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. UBS Group boosted their price objective on shares of Ross Stores from $163.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. Bank of America increased their target price on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.07.

Ross Stores Company 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.