Ross Stores, Inc. $ROST Shares Sold by Callan Family Office LLC

Callan Family Office LLC lessened its position in Ross Stores, Inc. (NASDAQ:ROST) by 5.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,142 shares of the apparel retailer’s stock after selling 2,842 shares during the period. Callan Family Office LLC’s holdings in Ross Stores were worth $7,946,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Ross Stores by 14.8% in the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after purchasing an additional 5,060,954 shares during the period. State Street Corp raised its stake in shares of Ross Stores by 0.4% during the 2nd quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock worth $1,782,873,000 after buying an additional 61,168 shares in the last quarter. Primecap Management Co. CA lifted its holdings in shares of Ross Stores by 0.5% in the 2nd quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock valued at $1,310,081,000 after buying an additional 51,765 shares during the period. Bank of America Corp DE boosted its stake in shares of Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after buying an additional 1,657,008 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ross Stores by 1.6% in 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 buying an additional 133,005 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROST has been the subject of several research analyst reports. TD Cowen reiterated a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Telsey Advisory Group increased their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, November 21st. Sanford C. Bernstein reiterated a “market perform” rating and issued a $170.00 price objective on shares of Ross Stores in a research note on Tuesday, January 6th. Bank of America upped their target price on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 21st. Finally, BTIG Research started coverage on shares of Ross Stores in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned 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 an average target price of $186.41.

Ross Stores Stock Performance

NASDAQ:ROST opened at $190.11 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $61.49 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 3.60 and a beta of 0.99. The firm has a 50-day moving average price of $184.00 and a two-hundred day moving average price of $162.65. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $194.92.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 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 business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the business earned $1.48 earnings per share. The company’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 and its Q4 2025 guidance at 1.770-1.85 EPS. As a group, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s payout ratio 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.