Ross Stores (NASDAQ:ROST – Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 6.380-6.46 for the period, compared to the consensus EPS estimate of 6.200. The company issued revenue guidance of -. Ross Stores also updated its Q4 2025 guidance to 1.770-1.85 EPS.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Cowen restated a “buy” rating on shares of Ross Stores in a research note on Friday, August 22nd. Telsey Advisory Group lifted their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Barclays raised their price target on shares of Ross Stores from $164.00 to $183.00 and gave the company an “overweight” rating in a report on Friday. Finally, Sanford C. Bernstein lifted their price target on shares of Ross Stores from $147.00 to $159.00 and gave the stock a “market perform” rating in a research note on Friday. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.07.
Get Our Latest Stock Report on Ross Stores
Ross Stores Stock Up 8.4%
Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period in the previous year, the company posted $1.48 EPS. The business’s quarterly 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. Q4 2025 guidance at 1.770-1.85 EPS. As a group, analysts forecast that Ross Stores will post 6.17 earnings per share for the current year.
Ross Stores Dividend Announcement
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. The ex-dividend date is Tuesday, December 9th. This represents a $1.62 annualized dividend and a yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) is presently 25.71%.
Insider Buying and Selling at Ross Stores
In related news, CMO Karen Sykes sold 4,000 shares of Ross Stores stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total transaction of $607,040.00. Following the transaction, the chief marketing officer directly owned 106,413 shares in the company, valued at approximately $16,149,236.88. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the company’s stock in a transaction dated Thursday, September 25th. The stock was 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 approximately $13,169,865.15. The trade was a 3.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 52,720 shares of company stock worth $7,761,212. 2.20% of the stock is owned by insiders.
Institutional Investors Weigh In On Ross Stores
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROST. Shay Capital LLC purchased a new stake in shares of Ross Stores during the third quarter worth about $244,000. Brooklyn Investment Group lifted its holdings in Ross Stores by 12.1% in the 3rd quarter. Brooklyn Investment Group now owns 3,477 shares of the apparel retailer’s stock worth $530,000 after purchasing an additional 375 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Ross Stores by 61.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,474 shares of the apparel retailer’s stock worth $377,000 after purchasing an additional 943 shares during the period. Rehmann Capital Advisory Group grew its holdings in Ross Stores by 15.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 2,393 shares of the apparel retailer’s stock valued at $366,000 after buying an additional 318 shares in the last quarter. Finally, Employees Retirement System of Texas raised its position in shares of Ross Stores by 347.6% during the third quarter. Employees Retirement System of Texas now owns 3,093 shares of the apparel retailer’s stock valued at $471,000 after buying an additional 2,402 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.
About Ross Stores
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.
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