Ross Stores, Inc. $ROST Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 409,272 shares of the apparel retailer’s stock after selling 100,522 shares during the period. ProShare Advisors LLC owned approximately 0.13% of Ross Stores worth $62,369,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROST. Gateway Investment Advisers LLC raised its holdings in shares of Ross Stores by 3.1% in 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 in the last quarter. Empirical Finance LLC grew its position in Ross Stores by 0.6% in the second quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock worth $1,535,000 after buying an additional 74 shares during the last quarter. Klingman & Associates LLC increased its holdings in shares of Ross Stores by 1.5% in the third quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock valued at $826,000 after buying an additional 79 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its position in shares of Ross Stores by 3.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock valued at $366,000 after acquiring an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC boosted its stake in shares of Ross Stores by 5.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock worth $239,000 after acquiring an additional 97 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Up 2.0%

ROST stock opened at $194.50 on Tuesday. The firm has a market cap of $62.91 billion, a PE ratio of 30.39, a PEG ratio of 3.31 and a beta of 0.99. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92. The company has a fifty day simple moving average of $185.38 and a 200 day simple moving average of $164.64. 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 issued 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 business had revenue of $5.60 billion for 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 firm’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, December 9th. Ross Stores’s dividend payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROST. JPMorgan Chase & Co. lifted their price target on Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Evercore lifted their target price 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. Telsey Advisory Group boosted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Bank of America upped their price target on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $170.00 price objective on shares of Ross Stores in a research report on Tuesday, January 6th. Two equities research 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 company’s stock. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average target price of $186.41.

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.