Canoe Financial LP Has $120.45 Million Stock Position in Ross Stores, Inc. $ROST

Canoe Financial LP cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 790,377 shares of the apparel retailer’s stock after selling 16,357 shares during the quarter. Ross Stores makes up about 1.7% of Canoe Financial LP’s holdings, making the stock its 26th biggest position. Canoe Financial LP owned about 0.24% of Ross Stores worth $120,446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. ICW Investment Advisors LLC grew its position in shares of Ross Stores by 0.4% in the first quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock valued at $2,359,000 after purchasing an additional 67 shares during the last quarter. CreativeOne Wealth LLC boosted its stake in Ross Stores by 3.8% during the 1st quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock valued at $247,000 after purchasing an additional 70 shares during the period. Empirical Finance LLC grew its holdings in Ross Stores by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock valued at $1,535,000 after buying an additional 74 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its position in Ross Stores by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock worth $320,000 after buying an additional 76 shares during the period. Finally, Wedmont Private Capital increased its position in Ross Stores by 1.4% in the 2nd quarter. Wedmont Private Capital now owns 5,707 shares of the apparel retailer’s stock worth $749,000 after buying an additional 79 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ROST shares. Barclays raised their price objective on shares of Ross Stores from $164.00 to $183.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Guggenheim upgraded shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Wells Fargo & Company upped their price objective on shares of Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, December 16th. Finally, Bank of America lifted their target price on Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $183.56.

Ross Stores Trading Down 0.5%

Shares of ROST stock opened at $179.69 on Friday. The firm has a fifty day moving average of $169.50 and a 200-day moving average of $151.54. The stock has a market cap of $58.12 billion, a price-to-earnings ratio of 28.08, a P/E/G ratio of 4.00 and a beta of 1.03. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $185.85. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52.

Ross Stores (NASDAQ:ROST) last posted 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. 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% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

Insider Buying and Selling

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the sale, the insider directly owned 57,012 shares in the company, valued at $8,607,101.64. This represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.