Ross Stores, Inc. $ROST Stake Boosted by Arkadios Wealth Advisors

Arkadios Wealth Advisors grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,395 shares of the apparel retailer’s stock after purchasing an additional 5,928 shares during the period. Arkadios Wealth Advisors’ holdings in Ross Stores were worth $3,413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allstate Corp bought a new position in Ross Stores in the 3rd quarter worth $1,781,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Ross Stores by 9.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 90,046 shares of the apparel retailer’s stock worth $13,537,000 after purchasing an additional 7,401 shares during the period. Quantum Portfolio Management LLC lifted its position in shares of Ross Stores by 54.0% during the 3rd quarter. Quantum Portfolio Management LLC now owns 2,597 shares of the apparel retailer’s stock worth $396,000 after purchasing an additional 911 shares during the last quarter. Maryland State Retirement & Pension System grew its holdings in Ross Stores by 2.6% in the 3rd quarter. Maryland State Retirement & Pension System now owns 16,068 shares of the apparel retailer’s stock valued at $2,449,000 after buying an additional 410 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in Ross Stores by 28.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 2,130 shares of the apparel retailer’s stock worth $325,000 after buying an additional 477 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Up 1.4%

Shares of ROST opened at $192.32 on Thursday. 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 company has a market cap of $62.21 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 3.62 and a beta of 1.01. The stock has a fifty day moving average price of $180.21 and a two-hundred day moving average price of $159.23. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $194.92.

Ross Stores (NASDAQ:ROST) last announced its earnings results 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 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 quarter in the prior year, the business earned $1.48 earnings per share. The business’s revenue for the quarter 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 predict 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. Stockholders of record on Tuesday, December 9th were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio is 25.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ROST. Erste Group Bank assumed coverage on shares of Ross Stores in a research note on Friday, October 31st. They set a “buy” rating for the company. Zacks Research upgraded shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $205.00 price objective on shares of Ross Stores in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.41.

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.