Aberdeen Group plc Sells 6,078 Shares of Ross Stores, Inc. $ROST

Aberdeen Group plc trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,048 shares of the apparel retailer’s stock after selling 6,078 shares during the period. Aberdeen Group plc owned 0.07% of Ross Stores worth $36,124,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Woodline Partners LP lifted its holdings in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares during the last quarter. CWM LLC grew its position in shares of Ross Stores by 41.7% during the second quarter. CWM LLC now owns 15,907 shares of the apparel retailer’s stock valued at $2,029,000 after purchasing an additional 4,682 shares in the last quarter. Mutual Advisors LLC increased its holdings in shares of Ross Stores by 13.5% in the second quarter. Mutual Advisors LLC now owns 4,783 shares of the apparel retailer’s stock worth $662,000 after purchasing an additional 568 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Ross Stores by 5.2% in the second quarter. International Assets Investment Management LLC now owns 8,075 shares of the apparel retailer’s stock worth $1,030,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group lifted their price target on Ross Stores from $169.00 to $181.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Robert W. Baird set a $200.00 target price on Ross Stores in a research note on Wednesday, December 17th. Wells Fargo & Company lifted their target price on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Finally, Bank of America upped their price target on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Two 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $189.94.

Ross Stores Price Performance

NASDAQ ROST opened at $196.54 on Tuesday. The firm’s fifty day simple moving average is $187.07 and its two-hundred day simple moving average is $166.60. The firm has a market capitalization of $63.57 billion, a P/E ratio of 30.71, a P/E/G ratio of 3.41 and a beta of 0.99. 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, Inc. has a 12-month low of $122.36 and a 12-month high of $197.24.

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

Ross Stores Dividend Announcement

The business also recently declared 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. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio is presently 25.31%.

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.