11,688 Shares in Ross Stores, Inc. $ROST Purchased by Allstate Corp

Allstate Corp acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,688 shares of the apparel retailer’s stock, valued at approximately $1,781,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspect Partners LLC increased 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 buying an additional 146 shares during the period. American National Bank & Trust acquired a new stake in shares of Ross Stores in the third quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Ross Stores by 162.6% in 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 buying an additional 148 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Ross Stores during the 2nd quarter valued at $38,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Ross Stores in the second quarter worth $38,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Down 1.4%

Shares of Ross Stores stock opened at $189.69 on Wednesday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $194.92. 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 capitalization of $61.36 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 3.67 and a beta of 1.01. The stock has a fifty day simple moving average of $179.62 and a 200 day simple moving average of $159.00.

Ross Stores (NASDAQ:ROST) last released its earnings results 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. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The company’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. On average, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share 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 dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is 25.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ROST shares. Bank of America boosted their target price 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. Telsey Advisory Group boosted their price target on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. Barclays restated an “overweight” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Tuesday, January 6th. UBS Group upped their price target on shares of Ross Stores from $169.00 to $181.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Citigroup upped their target price on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores 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.