Cibc World Market Inc. Takes Position in Ross Stores, Inc. $ROST

Cibc World Market Inc. acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, HoldingsChannel.com reports. The fund acquired 64,979 shares of the apparel retailer’s stock, valued at approximately $13,831,000.

Other hedge funds have also added to or reduced their stakes in the company. Cooper Financial Group lifted its position in Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock worth $409,000 after buying an additional 52 shares in the last quarter. Independent Advisor Alliance grew its holdings in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock valued at $596,000 after acquiring an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC grew its holdings in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock valued at $172,000 after acquiring an additional 55 shares in the last quarter. MCF Advisors LLC increased its position in shares of Ross Stores by 4.6% in the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after acquiring an additional 57 shares during the last quarter. Finally, Caxton Associates LLP increased its position in shares of Ross Stores by 4.3% in the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a research report on Friday. Jefferies Financial Group boosted their price target on Ross Stores from $265.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group upped their price objective on Ross Stores from $232.00 to $239.00 and gave the stock a “neutral” rating in a research note on Friday. Sanford C. Bernstein increased their price objective on Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Friday. Finally, Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $263.76.

Ross Stores Trading Up 1.0%

Shares of NASDAQ:ROST opened at $241.52 on Tuesday. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. The company has a market capitalization of $77.48 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86. The company has a 50-day simple moving average of $233.90 and a 200 day simple moving average of $222.44.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the firm posted $1.56 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Ross Stores, Inc. will post 8.13 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio (DPR) is currently 21.55%.

Key Headlines Impacting Ross Stores

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Earnings beat supports upside: Ross Stores substantially exceeded quarterly EPS expectations and reported double-digit revenue growth, reinforcing investor confidence in its off-price retail model. Ross Stores Trounces Earnings, Set To Retake Buy Point
• Positive Sentiment: Higher price targets: JPMorgan raised its price target to $272, while Robert W. Baird forecast strong potential appreciation. These actions suggest some analysts see additional upside following the earnings performance. JPMorgan Raises Ross Stores Price Target Baird Forecasts Strong Price Appreciation
• Positive Sentiment: Technical setup improves: A market forecast indicates that recent support has held across multiple timeframes, potentially allowing ROST to break above $245 and pursue higher technical targets. Ross Stores Price Forecast
• Neutral Sentiment: Analyst consensus remains constructive: Ross Stores carries an average “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction. Ross Stores Moderate Buy Recommendation
• Neutral Sentiment: UBS maintained a Hold rating, providing a counterpoint to the more bullish price-target revisions. UBS Maintains Hold Rating
• Neutral Sentiment: Investor attention remains focused on retail momentum and ROST’s outperformance versus TJX, although commentary from Jim Cramer is not a fundamental earnings catalyst. Jim Cramer Discusses Ross Stores and TJX

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.