Ross Stores, Inc. $ROST Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 18.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,635 shares of the apparel retailer’s stock after selling 5,600 shares during the period. Louisbourg Investments Inc.’s holdings in Ross Stores were worth $3,754,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. Norges Bank purchased a new position in shares of Ross Stores in the 2nd quarter valued at about $521,159,000. Bank of America Corp DE raised its holdings in Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. EdgePoint Investment Group Inc. boosted its position in Ross Stores by 59.3% during the first quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer’s stock worth $518,200,000 after purchasing an additional 1,509,815 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Ross Stores by 30.1% in the second quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock valued at $468,203,000 after purchasing an additional 849,391 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.1%

NASDAQ ROST opened at $182.41 on Friday. The business has a fifty day moving average price of $167.54 and a 200 day moving average price of $150.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The company has a market cap of $59.00 billion, a P/E ratio of 28.50, a P/E/G ratio of 4.02 and a beta of 1.03. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $185.85.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $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 anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

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 is Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. Ross Stores’s dividend payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group set a $203.00 target price on Ross Stores in a research note on Thursday, December 4th. Telsey Advisory Group boosted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. Guggenheim upgraded shares of Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Tuesday, October 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a research report on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $183.56.

Insiders Place Their Bets

In other news, insider Stephen C. Brinkley sold 6,437 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total transaction of $971,793.89. Following the transaction, the insider directly owned 57,012 shares in the company, valued at $8,607,101.64. The trade was a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Karen Fleming sold 2,932 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $149.09, for a total value of $437,131.88. Following the completion of the sale, the chief marketing officer owned 88,335 shares of the company’s stock, valued at $13,169,865.15. This trade represents a 3.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,720 shares of company stock valued at $7,154,172 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

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.