TD Asset Management Inc reduced its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 23.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 318,900 shares of the apparel retailer’s stock after selling 96,118 shares during the period. TD Asset Management Inc owned 0.10% of Ross Stores worth $57,447,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Ross Stores by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 9,762,583 shares of the apparel retailer’s stock valued at $1,487,720,000 after buying an additional 180,182 shares in the last quarter. Norges Bank purchased a new position in Ross Stores during the 4th quarter valued at about $868,360,000. Viking Global Investors LP grew its holdings in Ross Stores by 9.9% during the 2nd quarter. Viking Global Investors LP now owns 4,747,639 shares of the apparel retailer’s stock valued at $605,704,000 after buying an additional 426,370 shares in the last quarter. Invesco Ltd. grew its holdings in Ross Stores by 5.7% during the 3rd quarter. Invesco Ltd. now owns 4,655,932 shares of the apparel retailer’s stock valued at $709,518,000 after buying an additional 252,284 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Ross Stores by 10.2% during the 3rd quarter. First Trust Advisors LP now owns 4,045,346 shares of the apparel retailer’s stock valued at $616,470,000 after buying an additional 375,470 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.
Ross Stores Stock Down 1.2%
Shares of NASDAQ ROST opened at $230.37 on Friday. The business has a 50-day moving average of $223.03 and a 200-day moving average of $201.86. The firm has a market capitalization of $73.90 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 2.62 and a beta of 0.86. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $237.41. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.
Ross Stores Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.445 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s payout ratio is presently 24.86%.
Insider Buying and Selling
In related news, COO Michael J. Hartshorn sold 15,813 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the sale, the chief operating officer owned 116,028 shares in the company, valued at $24,935,577.48. The trade was a 11.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patricia H. Mueller sold 1,881 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total value of $400,897.53. Following the completion of the sale, the director owned 2,159 shares of the company’s stock, valued at $460,147.67. The trade was a 46.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 25,756 shares of company stock worth $5,521,004 in the last quarter. 2.10% of the stock is owned by insiders.
Ross Stores News Roundup
Here are the key news stories impacting Ross Stores this week:
- Positive Sentiment: Zacks Research increased several EPS forecasts for Ross Stores, signaling improved profit expectations across 2027-2029. Buy 5 Stocks With High ROE as Markets Swing on War Skirmishes
- Positive Sentiment: The stock is being highlighted as a high-ROE, cash-generating retailer, which can attract investors looking for quality and stability during market volatility. Buy 5 Stocks With High ROE as Markets Swing on War Skirmishes
- Positive Sentiment: Ross Stores recently beat quarterly expectations, reporting EPS and revenue above estimates, which reinforces confidence in its operating momentum.
- Neutral Sentiment: Recent articles question how the investment narrative is evolving and compare Ross Stores with peers like Ollie’s Bargain Outlet, but these pieces are more commentary than new company-specific catalysts. How The Ross Stores (ROST) Investment Narrative Is Evolving Without New Analyst Targets
- Neutral Sentiment: Coverage also notes Ross Stores is outperforming the consumer discretionary sector, but this mainly reflects relative strength already supported by analyst optimism. Ross Stores Stock: Is ROST Outperforming the Consumer Discretionary Sector?
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Citigroup lifted their target price on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Truist Financial lifted their target price on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Barclays lifted their target price on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $233.18.
Get Our Latest Research Report on ROST
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.
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