Sanctuary Advisors LLC Takes $5.20 Million Position in Ross Stores, Inc. $ROST

Sanctuary Advisors LLC acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,412 shares of the apparel retailer’s stock, valued at approximately $5,196,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores during the fourth quarter worth $26,000. Bard Associates Inc. purchased a new position in Ross Stores in the fourth quarter valued at $31,000. Virtus Advisers LLC purchased a new position in Ross Stores in the fourth quarter valued at $32,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Ross Stores in the fourth quarter worth about $38,000. Finally, Bell Investment Advisors Inc acquired a new position in shares of Ross Stores in the second quarter worth about $43,000. 86.86% of the stock is owned by institutional investors and hedge funds.

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

Ross Stores Trading Up 1.0%

Shares of ROST stock opened at $241.52 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The company’s 50-day moving average price is $233.90 and its 200-day moving average price is $222.44. The stock has a market cap of $77.48 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.30 and a beta of 0.86.

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

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Truist Financial increased their target price on Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $294.00 price objective on shares of Ross Stores in a research report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Finally, Zacks Research lowered shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $263.76.

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.