Stoneridge Investment Partners LLC Makes New Investment in Ross Stores, Inc. $ROST

Stoneridge Investment Partners LLC acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 17,156 shares of the apparel retailer’s stock, valued at approximately $2,192,000. Ross Stores comprises about 1.9% of Stoneridge Investment Partners LLC’s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds have also recently bought and sold shares of ROST. Forum Financial Management LP boosted its holdings in Ross Stores by 5.3% during the 4th quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer’s stock worth $223,000 after acquiring an additional 74 shares during the last quarter. MML Investors Services LLC boosted its holdings in Ross Stores by 0.3% during the 4th quarter. MML Investors Services LLC now owns 29,684 shares of the apparel retailer’s stock worth $4,490,000 after acquiring an additional 102 shares during the last quarter. Stifel Financial Corp boosted its holdings in Ross Stores by 0.6% during the 4th quarter. Stifel Financial Corp now owns 133,541 shares of the apparel retailer’s stock worth $20,201,000 after acquiring an additional 800 shares during the last quarter. J. Safra Sarasin Holding AG bought a new stake in shares of Ross Stores during the 4th quarter worth $1,265,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Ross Stores by 25.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer’s stock worth $2,952,170,000 after purchasing an additional 3,995,760 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Loop Capital lowered their price target on Ross Stores from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Barclays lowered their price target on Ross Stores from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, May 23rd. Evercore ISI lowered their price target on Ross Stores from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Wall Street Zen cut Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Finally, Morgan Stanley lowered their price target on Ross Stores from $128.00 to $126.00 and set an “equal weight” rating on the stock in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $159.06.

Ross Stores Trading Up 1.2%

Shares of ROST stock opened at $147.88 on Wednesday. The stock has a market capitalization of $48.37 billion, a PE ratio of 23.36, a P/E/G ratio of 2.80 and a beta of 1.11. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The business has a 50-day moving average of $135.35 and a 200 day moving average of $137.18. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.03. The company had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%.Ross Stores’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.46 EPS. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. As a group, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.