Strengthening Families & Communities LLC Has $3.06 Million Stock Position in Ross Stores, Inc. $ROST

Strengthening Families & Communities LLC lifted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2,701.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,112 shares of the apparel retailer’s stock after purchasing an additional 19,394 shares during the period. Strengthening Families & Communities LLC’s holdings in Ross Stores were worth $3,064,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. State Street Corp raised its stake in shares of Ross Stores by 0.4% in the 2nd quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock valued at $1,782,873,000 after acquiring an additional 61,168 shares in the last quarter. Primecap Management Co. CA lifted its holdings in 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 worth $1,310,081,000 after purchasing an additional 51,765 shares during the last quarter. Bank of America Corp DE boosted its position in Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. Finally, Geode Capital Management LLC boosted its position in 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 worth $1,102,077,000 after purchasing an additional 133,005 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ:ROST opened at $190.11 on Tuesday. The firm’s 50-day moving average is $184.00 and its 200-day moving average is $162.65. The company has a market cap of $61.49 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 3.60 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $194.92.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s 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. Equities research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. Ross Stores’s payout ratio is currently 25.31%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Guggenheim raised Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, BTIG Research initiated coverage on Ross Stores in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $186.41.

Ross Stores Company 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.