Berkeley Inc Has $3.49 Million Stock Position in Ross Stores, Inc. $ROST

Berkeley Inc lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 25.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 22,885 shares of the apparel retailer’s stock after selling 7,671 shares during the period. Berkeley Inc’s holdings in Ross Stores were worth $3,487,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Chicago Partners Investment Group LLC increased its holdings in Ross Stores by 62.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,724 shares of the apparel retailer’s stock valued at $438,000 after buying an additional 1,049 shares during the period. Vest Financial LLC boosted its position in shares of Ross Stores by 12.0% during the 3rd quarter. Vest Financial LLC now owns 312,673 shares of the apparel retailer’s stock worth $47,648,000 after acquiring an additional 33,480 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in Ross Stores by 7.2% in the third quarter. Joel Isaacson & Co. LLC now owns 14,946 shares of the apparel retailer’s stock valued at $2,278,000 after acquiring an additional 1,000 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Ross Stores during the third quarter valued at approximately $29,000. Finally, Dynasty Wealth Management LLC lifted its stake in Ross Stores by 66.8% during the third quarter. Dynasty Wealth Management LLC now owns 4,219 shares of the apparel retailer’s stock worth $643,000 after purchasing an additional 1,689 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 1.4%

Shares of ROST stock opened at $189.69 on Wednesday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $194.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The stock has a 50 day simple moving average of $179.62 and a two-hundred day simple moving average of $159.00. The company has a market cap of $61.36 billion, a P/E ratio of 29.64, a PEG ratio of 3.67 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last announced 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. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter last year, the firm posted $1.48 EPS. 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. Research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share 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 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 of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio is 25.31%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup lifted their price target on Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Evercore ISI upped their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a research note on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

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.