Ross Stores, Inc. $ROST Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 53.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,538 shares of the apparel retailer’s stock after selling 17,791 shares during the period. Generali Asset Management SPA SGR’s holdings in Ross Stores were worth $2,368,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Ross Stores by 14.8% during the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after buying an additional 5,060,954 shares during the period. State Street Corp boosted its holdings 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 acquiring an additional 61,168 shares during the period. Primecap Management Co. CA grew its position in shares of 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 worth $1,310,081,000 after acquiring an additional 51,765 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares during the period. Finally, Geode Capital Management LLC raised its position in Ross Stores by 1.6% in 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 purchasing an additional 133,005 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Trading Up 1.4%

NASDAQ ROST opened at $182.74 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $59.11 billion, a P/E ratio of 28.55, a P/E/G ratio of 4.02 and a beta of 1.01. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $185.85. The firm has a 50-day moving average price of $172.44 and a 200 day moving average price of $153.60.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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 company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.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 company earned $1.48 EPS. 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. Equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio is currently 25.31%.

Insider Transactions at Ross Stores

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the firm’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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ROST shares. Evercore ISI raised their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. UBS Group set a $203.00 target price on shares of Ross Stores in a research note on Thursday, December 4th. Guggenheim upgraded Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Erste Group Bank started coverage on Ross Stores in a research note on Friday, October 31st. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $183.56.

Ross Stores Company Profile

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.