Amica Mutual Insurance Co. Acquires Shares of 31,431 Ross Stores, Inc. $ROST

Amica Mutual Insurance Co. bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,431 shares of the apparel retailer’s stock, valued at approximately $4,790,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ROST. Aspect Partners LLC lifted 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 acquired a new position in shares of Ross Stores in the third quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ross Stores during the third quarter worth approximately $29,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of 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 worth $36,000 after purchasing an additional 148 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of Ross Stores during the second quarter worth $38,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

ROST has been the topic of several recent research reports. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research note on Wednesday, December 17th. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Wells Fargo & Company increased their price target on shares of Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Telsey Advisory Group lifted their price objective on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on Ross Stores in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $189.94.

Ross Stores Stock Up 0.9%

Ross Stores stock opened at $196.54 on Monday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $197.24. The firm has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. The stock’s fifty day moving average is $186.70 and its two-hundred day moving average is $166.18. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52.

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

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were given 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 is currently 25.31%.

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.