Caxton Associates LLP Has $1.07 Million Holdings in Ross Stores, Inc. $ROST

Caxton Associates LLP cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 29.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,418 shares of the apparel retailer’s stock after selling 3,596 shares during the quarter. Caxton Associates LLP’s holdings in Ross Stores were worth $1,074,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in 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 during the period. State Street Corp lifted its stake in shares of Ross Stores by 0.4% in the second quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock valued at $1,782,873,000 after buying an additional 61,168 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Ross Stores by 0.5% in the 2nd quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after acquiring an additional 51,765 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Ross Stores by 20.9% in the second 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 last quarter. Finally, Geode Capital Management LLC lifted its stake in Ross Stores by 1.6% during the 2nd 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 in the last quarter. 86.86% of the stock is owned by institutional investors.

Insider Transactions at Ross Stores

In other news, CMO Karen Fleming sold 2,932 shares of the stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $149.09, for a total transaction of $437,131.88. Following the sale, the chief marketing officer owned 88,335 shares in the company, valued at $13,169,865.15. This represents a 3.21% decrease in their ownership of the stock. The transaction 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 dated Wednesday, September 24th. The stock was 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 directly owned 157,153 shares of the company’s stock, valued at approximately $22,944,338. This trade represents a 20.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 48,720 shares of company stock worth $7,154,172. Corporate insiders own 2.20% of the company’s stock.

Ross Stores Stock Performance

Ross Stores stock opened at $184.28 on Tuesday. The firm has a 50-day moving average of $164.93 and a 200-day moving average of $149.48. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $185.00. The firm has a market cap of $59.61 billion, a P/E ratio of 28.79, a P/E/G ratio of 4.00 and a beta of 1.03. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. The business 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 revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. 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. Sell-side analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be given a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ROST shares. Bank of America boosted their target price on Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Guggenheim raised Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Cowen reiterated a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Sanford C. Bernstein lifted their target price on Ross Stores from $147.00 to $159.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Finally, UBS Group set a $203.00 price target on shares of Ross Stores in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $181.19.

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.