Ross Stores (NASDAQ:ROST) Shares Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Ross Stores, Inc. (NASDAQ:ROST). In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Ross Stores stock on April 17th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 – $100,000 in shares of Chipotle Mexican Grill (NYSE:CMG) on 4/17/2025.
• Purchased $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Caterpillar (NYSE:CAT) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Lululemon Athletica (NASDAQ:LULU) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Western Digital (NASDAQ:WDC) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of NextEra Energy (NYSE:NEE) on 4/17/2025.
• Purchased $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/17/2025.
• Sold $15,001 – $50,000 in shares of Meta Platforms (NASDAQ:META) on 4/17/2025.

Ross Stores Trading Down 0.8 %

NASDAQ ROST opened at $142.28 on Friday. The firm has a market capitalization of $46.78 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. The business’s 50-day moving average price is $134.02 and its two-hundred day moving average price is $142.33. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. On average, analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $0.405 per share. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Tuesday, March 18th. Ross Stores’s dividend payout ratio (DPR) is currently 25.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ROST. Golden State Wealth Management LLC boosted its stake in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Forum Financial Management LP lifted its holdings in shares of Ross Stores by 5.3% in the fourth quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer’s stock valued at $223,000 after purchasing an additional 74 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Ross Stores by 6.1% during the first quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 74 shares during the last quarter. Tradewinds Capital Management LLC grew its holdings in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after buying an additional 75 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in Ross Stores by 1.0% during the first quarter. Principal Securities Inc. now owns 7,744 shares of the apparel retailer’s stock worth $990,000 after buying an additional 75 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROST has been the subject of a number of analyst reports. Barclays set a $150.00 target price on shares of Ross Stores in a research note on Wednesday, March 5th. BMO Capital Markets dropped their price objective on Ross Stores from $168.00 to $156.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley cut their target price on Ross Stores from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 6th. JPMorgan Chase & Co. lowered their target price on Ross Stores from $166.00 to $161.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company upgraded Ross Stores from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $140.00 to $150.00 in a report on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus price target of $160.73.

Insider Activity at Ross Stores

In related news, Chairman Michael Balmuth sold 11,261 shares of Ross Stores stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the sale, the chairman now directly owns 59,790 shares in the company, valued at approximately $7,868,364. This trade represents a 15.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 7,492 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the transaction, the chief operating officer now owns 139,091 shares of the company’s stock, valued at $17,760,529.79. This trade represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,398 shares of company stock valued at $4,439,950. 2.20% of the stock is owned by insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.