2,794 Shares in Ross Stores, Inc. $ROST Bought by Amica Retiree Medical Trust

Amica Retiree Medical Trust purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,794 shares of the apparel retailer’s stock, valued at approximately $426,000.

Other institutional investors have also recently modified their holdings of the company. Amica Mutual Insurance Co. acquired a new stake in Ross Stores during the 3rd quarter valued at approximately $4,790,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Ross Stores by 2.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 112,442 shares of the apparel retailer’s stock worth $17,135,000 after purchasing an additional 2,186 shares during the last quarter. HighTower Advisors LLC lifted its position in Ross Stores by 4.8% during the third quarter. HighTower Advisors LLC now owns 20,017 shares of the apparel retailer’s stock valued at $3,052,000 after purchasing an additional 917 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Ross Stores by 2.4% in the third quarter. TimesSquare Capital Management LLC now owns 534,247 shares of the apparel retailer’s stock valued at $81,414,000 after purchasing an additional 12,395 shares during the last quarter. Finally, Cidel Asset Management Inc. boosted its holdings in Ross Stores by 6.0% in the third quarter. Cidel Asset Management Inc. now owns 2,057 shares of the apparel retailer’s stock valued at $313,000 after purchasing an additional 117 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROST has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on Ross Stores in a research note on Thursday, January 8th. Evercore lifted their price target on Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Telsey Advisory Group upped their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Finally, Zacks Research upgraded shares of 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, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.94.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $196.54 on Monday. The firm has a 50-day simple moving average of $186.70 and a 200-day simple moving average of $166.18. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $197.24.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $5.38 billion. During the same quarter in the prior year, the company earned $1.48 EPS. Ross Stores’s revenue was up 10.4% compared to the same quarter last year. 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, equities analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) 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.