ING Groep NV raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 29.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 158,565 shares of the apparel retailer’s stock after purchasing an additional 36,060 shares during the quarter. ING Groep NV’s holdings in Ross Stores were worth $28,564,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Somerset Trust Co increased its position in shares of Ross Stores by 0.4% during the fourth quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock worth $2,664,000 after buying an additional 55 shares during the period. Independent Advisor Alliance increased its position in shares of Ross Stores by 1.7% during the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after buying an additional 55 shares during the period. CYBER HORNET ETFs LLC increased its position in shares of Ross Stores by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares during the period. Florida Trust Wealth Management Co increased its position in shares of Ross Stores by 1.7% during the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock worth $612,000 after buying an additional 56 shares during the period. Finally, MCF Advisors LLC increased its position in shares of Ross Stores by 4.6% during the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.
Ross Stores Price Performance
ROST stock opened at $230.37 on Friday. The stock has a market capitalization of $73.90 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.86. The company’s 50-day moving average is $223.03 and its 200-day moving average is $201.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $237.41.
Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.
Insider Transactions at Ross Stores
In other news, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the transaction, the director owned 2,159 shares of the company’s stock, valued at $460,147.67. This represents a 46.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Karen Sykes sold 5,506 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 25,756 shares of company stock valued at $5,521,004 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
ROST has been the subject of a number of recent analyst reports. Telsey Advisory Group increased their price target on Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Truist Financial increased their price target on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. UBS Group increased their price target on Ross Stores from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Friday, May 22nd. Wall Street Zen upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Guggenheim reiterated a “buy” rating and set a $290.00 price target on shares of Ross Stores in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $233.18.
Check Out Our Latest Report on ROST
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?
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.
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