Amundi Sells 2,385,902 Shares of Ross Stores, Inc. $ROST

Amundi lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 60.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,562,672 shares of the apparel retailer’s stock after selling 2,385,902 shares during the period. Amundi owned 0.48% of Ross Stores worth $205,523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in ROST. Vanguard Group Inc. boosted its holdings in shares of Ross Stores by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after buying an additional 5,060,954 shares in the last quarter. Primecap Management Co. CA lifted its position in Ross Stores by 0.5% during the second quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock valued at $1,310,081,000 after acquiring an additional 51,765 shares during the last quarter. Geode Capital Management LLC lifted its position in Ross Stores by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock valued at $1,102,077,000 after acquiring an additional 133,005 shares during the last quarter. Invesco Ltd. boosted its stake in Ross Stores by 10.2% in the second quarter. Invesco Ltd. now owns 4,403,648 shares of the apparel retailer’s stock valued at $561,817,000 after acquiring an additional 406,073 shares in the last quarter. Finally, Norges Bank acquired a new stake in Ross Stores in the second quarter valued at approximately $521,159,000. 86.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CEO James Grant Conroy sold 39,351 shares of Ross Stores stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total value of $5,745,246.00. Following the completion of the transaction, the chief executive officer owned 157,153 shares of the company’s stock, valued at approximately $22,944,338. The trade was a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen C. Brinkley sold 6,437 shares of the company’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total transaction of $971,793.89. Following the completion of the transaction, the insider owned 57,012 shares of the company’s stock, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 48,720 shares of company stock valued at $7,154,172. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROST. Morgan Stanley upped their price target on Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, August 22nd. Citigroup boosted their target price on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. TD Cowen increased their price target on Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, November 10th. BTIG Research began coverage on Ross Stores in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company boosted their price target on Ross Stores from $175.00 to $180.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $180.00.

Ross Stores Stock Up 0.4%

NASDAQ:ROST opened at $177.87 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. The company’s fifty day moving average price is $161.57 and its 200-day moving average price is $147.82. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $179.05. The firm has a market capitalization of $57.85 billion, a P/E ratio of 27.79, a PEG ratio of 3.91 and a beta of 1.03.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 37.21% and a net margin of 9.47%.The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The company’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 and its Q4 2025 guidance at 1.770-1.85 EPS. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently declared 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. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Ross Stores Company Profile

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.