Ross Stores, Inc. $ROST Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 31.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,368 shares of the apparel retailer’s stock after buying an additional 8,985 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Ross Stores were worth $5,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. increased its holdings 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 acquiring an additional 10,625 shares during the last quarter. SOA Wealth Advisors LLC. increased 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 purchasing an additional 2,109 shares during the last quarter. Virtus Investment Advisers LLC acquired a new stake in Ross Stores during the second quarter worth approximately $1,265,000. Jump Financial LLC purchased a new stake in shares of Ross Stores during the 2nd quarter worth approximately $7,949,000. Finally, Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 30,232 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

ROST has been the topic of a number of recent analyst reports. BTIG Research began coverage on shares of Ross Stores in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Robert W. Baird set a $200.00 price objective on Ross Stores in a report on Wednesday, December 17th. Wells Fargo & Company lifted their target price on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. TD Cowen upped their target price on Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 price target on Ross Stores in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.41.

Ross Stores Stock Performance

NASDAQ ROST opened at $191.44 on Friday. The firm has a market cap of $61.92 billion, a P/E ratio of 29.91, a P/E/G ratio of 4.21 and a beta of 1.01. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $192.26. The business’s 50-day moving average price is $175.34 and its 200 day moving average price is $155.71. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm’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. On average, equities research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were issued a dividend of $0.405 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.62 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Ross Stores Company 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.