Ross Stores, Inc. $ROST Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,092,578 shares of the apparel retailer’s stock after selling 42,012 shares during the period. Bank of New York Mellon Corp owned about 0.64% of Ross Stores worth $318,888,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Gateway Investment Advisers LLC increased its stake in shares of Ross Stores by 3.1% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock worth $351,000 after purchasing an additional 69 shares during the last quarter. Empirical Finance LLC lifted its stake in shares of 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 purchasing an additional 74 shares during the last quarter. Klingman & Associates LLC boosted its holdings in Ross Stores by 1.5% in the third quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock worth $826,000 after purchasing an additional 79 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its position in Ross Stores by 3.2% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock worth $366,000 after buying an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC increased its position in Ross Stores by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock worth $239,000 after buying an additional 97 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Up 0.2%

Shares of ROST opened at $186.50 on Friday. The stock’s 50-day moving average price is $183.39 and its 200 day moving average price is $161.36. 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 firm has a market capitalization of $60.32 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 3.55 and a beta of 1.01. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $194.92.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last 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. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is presently 25.31%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ROST shares. Sanford C. Bernstein reiterated a “market perform” rating and set a $170.00 price target on shares of Ross Stores in a research note on Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Barclays restated an “overweight” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Tuesday, January 6th. Finally, Guggenheim upgraded shares of Ross Stores to a “strong-buy” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores 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.