Ross Stores, Inc. $ROST Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 78.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,329 shares of the apparel retailer’s stock after selling 236,543 shares during the quarter. SG Americas Securities LLC’s holdings in Ross Stores were worth $10,108,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Louisbourg Investments Inc. grew its stake in Ross Stores by 54.2% in the second quarter. Louisbourg Investments Inc. now owns 30,235 shares of the apparel retailer’s stock worth $3,857,000 after purchasing an additional 10,625 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in Ross Stores by 22.0% during the second quarter. SOA Wealth Advisors LLC. now owns 11,676 shares of the apparel retailer’s stock valued at $1,490,000 after buying an additional 2,109 shares in the last quarter. Virtus Investment Advisers LLC bought a new position in Ross Stores during the 2nd quarter worth approximately $1,265,000. Jump Financial LLC acquired a new position in shares of Ross Stores in the 2nd quarter worth approximately $7,949,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ross Stores by 1.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,001,526 shares of the apparel retailer’s stock worth $255,355,000 after acquiring an additional 30,232 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Up 1.1%

Ross Stores stock opened at $191.44 on Friday. The company has a 50-day simple moving average of $175.34 and a 200-day simple moving average of $155.52. The firm has a market capitalization of $61.92 billion, a P/E ratio of 29.91, a P/E/G ratio of 4.17 and a beta of 1.01. 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 one year low of $122.36 and a one year high of $192.26.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data 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 firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period last year, the firm posted $1.48 EPS. Ross Stores’s quarterly revenue was up 10.4% compared to the same quarter last year. 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. As a group, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm 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 annualized dividend and a dividend yield of 0.8%. Ross Stores’s payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

ROST has been the topic of several research reports. Telsey Advisory Group upped their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Friday, November 21st. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Citigroup boosted their price objective on shares of Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Finally, BTIG Research assumed coverage on shares of Ross Stores in a research note on Tuesday, October 14th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.41.

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.