Charles Schwab Investment Management Inc. Buys 30,232 Shares of Ross Stores, Inc. $ROST

Charles Schwab Investment Management Inc. boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,001,526 shares of the apparel retailer’s stock after purchasing an additional 30,232 shares during the period. Charles Schwab Investment Management Inc. owned about 0.61% of Ross Stores worth $255,355,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROST. Aspect Partners LLC lifted its holdings in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 146 shares during the period. Banque Transatlantique SA purchased a new stake in Ross Stores during the first quarter valued at $29,000. Bayforest Capital Ltd lifted its holdings in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares during the period. Ameritas Advisory Services LLC purchased a new position in Ross Stores in the second quarter worth about $38,000. Finally, Zions Bancorporation National Association UT purchased a new position in Ross Stores in the first quarter worth about $48,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

ROST opened at $176.50 on Wednesday. The firm has a market cap of $57.40 billion, a P/E ratio of 28.02, a PEG ratio of 3.04 and a beta of 1.16. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $177.33. The company has a 50 day simple moving average of $156.77 and a two-hundred day simple moving average of $146.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the company earned $1.48 EPS. Ross Stores’s revenue for the quarter was up 10.4% on a year-over-year basis. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. Equities analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a dividend of $0.405 per share. The ex-dividend date is Tuesday, December 9th. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research reports. Sanford C. Bernstein upped their price target on shares of Ross Stores from $147.00 to $159.00 and gave the company a “market perform” rating in a research report on Friday. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, BTIG Research began coverage on Ross Stores in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $174.07.

Insiders Place Their Bets

In other Ross Stores news, CMO Karen Sykes sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the completion of the sale, the chief marketing officer directly owned 106,413 shares of the company’s stock, valued at $16,149,236.88. This trade represents a 3.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Grant Conroy sold 39,351 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the completion of the transaction, the chief executive officer directly owned 157,153 shares in the company, valued at $22,944,338. This trade represents a 20.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,720 shares of company stock worth $7,761,212 over the last quarter. Company insiders own 2.20% of the company’s stock.

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.