Stablepoint Partners LLC Sells 769 Shares of Ross Stores, Inc. $ROST

Stablepoint Partners LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 23.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,560 shares of the apparel retailer’s stock after selling 769 shares during the quarter. Stablepoint Partners LLC’s holdings in Ross Stores were worth $327,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Ross Stores by 14.8% in the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. Primecap Management Co. CA raised its stake in shares of Ross Stores by 0.5% in the second quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after purchasing an additional 51,765 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ross Stores by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock valued at $1,102,077,000 after purchasing an additional 133,005 shares in the last quarter. Norges Bank bought a new position in shares of Ross Stores during the second quarter valued at $521,159,000. Finally, EdgePoint Investment Group Inc. boosted its position in shares of Ross Stores by 59.3% during the first quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer’s stock valued at $518,200,000 after buying an additional 1,509,815 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Trading Down 0.8%

Shares of ROST stock opened at $176.33 on Friday. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $178.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. The firm has a market capitalization of $57.35 billion, a PE ratio of 27.99, a PEG ratio of 3.04 and a beta of 1.16. The stock has a fifty day simple moving average of $158.63 and a two-hundred day simple moving average of $146.96.

Ross Stores (NASDAQ:ROST) last issued its earnings results 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 return on equity of 37.37% and a net margin of 9.60%.The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’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. Q4 2025 guidance at 1.770-1.85 EPS. On average, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is presently 25.31%.

Insider Activity at Ross Stores

In other Ross Stores news, CMO Karen Sykes sold 4,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $151.76, for a total value of $607,040.00. Following the sale, the chief marketing officer owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $149.09, for a total transaction of $437,131.88. Following the transaction, the chief marketing officer directly owned 88,335 shares of the company’s stock, valued at $13,169,865.15. This trade represents a 3.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 52,720 shares of company stock valued at $7,761,212. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROST has been the subject of a number of recent analyst reports. UBS Group boosted their target price on Ross Stores from $163.00 to $169.00 and gave the stock a “neutral” rating in a research report on Friday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 21st. Robert W. Baird increased their price objective on shares of Ross Stores from $170.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Evercore ISI raised their target price on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. Finally, Bank of America boosted their target price on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, November 21st. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus target price of $174.07.

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.