ABN Amro Investment Solutions Sells 11,399 Shares of Ross Stores, Inc. $ROST

ABN Amro Investment Solutions lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,951 shares of the apparel retailer’s stock after selling 11,399 shares during the quarter. ABN Amro Investment Solutions’ holdings in Ross Stores were worth $5,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares during the period. State Street Corp boosted its position in shares of Ross Stores by 0.4% during 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 purchasing an additional 61,168 shares in the last quarter. Primecap Management Co. CA boosted 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 valued at $1,310,081,000 after purchasing an additional 51,765 shares in the last quarter. Bank of America Corp DE grew its stake in Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Ross Stores by 1.6% in the second quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock worth $1,102,077,000 after purchasing an additional 133,005 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.9%

Ross Stores stock opened at $196.54 on Monday. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $197.24. The stock has a fifty day simple moving average of $186.70 and a two-hundred day simple moving average of $166.18. 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 firm has a market cap of $63.57 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 3.41 and a beta of 0.99.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period last year, the firm posted $1.48 earnings per share. Ross Stores’s revenue was up 10.4% compared to the same quarter last year. 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 analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.8%. Ross Stores’s payout ratio is currently 25.31%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Evercore boosted their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, November 21st. Robert W. Baird set a $200.00 target price on shares of Ross Stores in a research note on Wednesday, December 17th. UBS Group lifted their target price on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average 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.