Oak Ridge Investments LLC Cuts Stake in Ross Stores, Inc. $ROST

Oak Ridge Investments LLC reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 52.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,502 shares of the apparel retailer’s stock after selling 4,920 shares during the period. Oak Ridge Investments LLC’s holdings in Ross Stores were worth $686,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Louisbourg Investments Inc. raised its stake in shares of Ross Stores by 54.2% during the second quarter. Louisbourg Investments Inc. now owns 30,235 shares of the apparel retailer’s stock valued at $3,857,000 after acquiring an additional 10,625 shares during the last quarter. SOA Wealth Advisors LLC. increased its holdings in Ross Stores by 22.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 11,676 shares of the apparel retailer’s stock valued at $1,490,000 after purchasing an additional 2,109 shares during the period. Virtus Investment Advisers LLC bought a new position in Ross Stores during the 2nd quarter valued at approximately $1,265,000. Jump Financial LLC purchased a new stake in Ross Stores in the 2nd quarter worth approximately $7,949,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Ross Stores by 34.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 22,964 shares of the apparel retailer’s stock worth $3,499,000 after buying an additional 5,889 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Down 0.7%

Shares of Ross Stores stock opened at $192.36 on Monday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92. The firm has a market cap of $62.22 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 3.67 and a beta of 1.01. The company has a 50-day moving average of $178.47 and a 200 day moving average of $158.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. 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, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays restated an “overweight” rating and set a $205.00 target price on shares of Ross Stores in a report on Tuesday, January 6th. Bank of America upped their price objective on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

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.