Ross Stores, Inc. $ROST Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 84.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,340 shares of the apparel retailer’s stock after acquiring an additional 104,270 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Ross Stores were worth $34,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ROST. Frank Rimerman Advisors LLC increased its holdings in shares of Ross Stores by 33.7% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,092 shares of the apparel retailer’s stock valued at $624,000 after acquiring an additional 1,032 shares during the period. Everhart Financial Group Inc. grew its position in Ross Stores by 17.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 3,892 shares of the apparel retailer’s stock worth $593,000 after purchasing an additional 590 shares during the last quarter. National Pension Service increased its stake in Ross Stores by 4.0% in the third quarter. National Pension Service now owns 545,240 shares of the apparel retailer’s stock valued at $83,089,000 after purchasing an additional 20,756 shares during the period. Winnow Wealth LLC purchased a new stake in shares of Ross Stores in the third quarter valued at about $66,000. Finally, AlphaQuest LLC raised its holdings in shares of Ross Stores by 46.7% in the third quarter. AlphaQuest LLC now owns 9,916 shares of the apparel retailer’s stock valued at $1,511,000 after buying an additional 3,155 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ROST shares. Robert W. Baird set a $200.00 price target on Ross Stores in a report on Wednesday, December 17th. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Jefferies Financial Group reissued a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a report on Monday, December 1st. BTIG Research assumed coverage on Ross Stores in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Barclays reissued an “overweight” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.41.

Ross Stores Stock Up 0.8%

Ross Stores stock opened at $190.11 on Tuesday. The stock’s 50 day moving average price is $184.00 and its 200 day moving average price is $162.65. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $194.92. The company has a market cap of $61.49 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter last year, the company earned $1.48 earnings per share. Ross Stores’s quarterly 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, sell-side 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 was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date was Tuesday, December 9th. Ross Stores’s dividend payout ratio 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.