Intact Investment Management Inc. Sells 16,500 Shares of Ross Stores, Inc. $ROST

Intact Investment Management Inc. decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 63.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,400 shares of the apparel retailer’s stock after selling 16,500 shares during the period. Intact Investment Management Inc.’s holdings in Ross Stores were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American National Bank & Trust purchased a new position in Ross Stores during the 3rd quarter worth $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ross Stores in the third quarter valued at about $29,000. Aspect Partners LLC lifted its position in shares of Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position 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 valued at $36,000 after purchasing an additional 148 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a report on Monday, December 1st. BTIG Research started coverage on Ross Stores in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Guggenheim raised Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $187.57 on Tuesday. The stock’s 50-day simple moving average is $181.84 and its two-hundred day simple moving average is $160.63. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $194.92. The firm has a market capitalization of $60.67 billion, a P/E ratio of 29.31, a P/E/G ratio of 3.60 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

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

Ross Stores Announces Dividend

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. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) is 25.31%.

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.