AlTi Global Inc. Purchases New Holdings in Ross Stores, Inc. $ROST

AlTi Global Inc. bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,228 shares of the apparel retailer’s stock, valued at approximately $492,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Aspect Partners LLC boosted its position in Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust purchased a new stake in shares of Ross Stores in the third quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ross Stores during the third quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. grew its position in Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 148 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Ross Stores in the 2nd quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

NASDAQ ROST opened at $192.54 on Thursday. 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 $185.97 and a 200 day simple moving average of $165.21. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The company has a market cap of $62.28 billion, a P/E ratio of 30.08, a P/E/G ratio of 3.34 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The company had revenue of $5.60 billion during 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 business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $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, sell-side analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays reissued an “overweight” rating and set a $205.00 target price on shares of Ross Stores in a research note on Tuesday, January 6th. Erste Group Bank began coverage on Ross Stores in a research note on Friday, October 31st. They issued a “buy” rating on the stock. Evercore upped their target price on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Robert W. Baird set a $200.00 price target on Ross Stores in a report on Wednesday, December 17th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $189.94.

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.