Ross Stores, Inc. $ROST Shares Acquired by Kerusso Capital Management LLC

Kerusso Capital Management LLC boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 84.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,610 shares of the apparel retailer’s stock after buying an additional 12,664 shares during the quarter. Ross Stores comprises 2.6% of Kerusso Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Kerusso Capital Management LLC’s holdings in Ross Stores were worth $4,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROST. American National Bank & Trust acquired a new position in shares of Ross Stores during the 3rd quarter valued at about $26,000. Aspect Partners LLC lifted its holdings in Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares during the period. True Wealth Design LLC grew its holdings in Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 155 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Ross Stores in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

ROST has been the subject of several recent analyst reports. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Cowen boosted their target price on shares of Ross Stores from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. JPMorgan Chase & Co. raised their price target on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Cowen reiterated a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Finally, UBS Group increased their target price on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.41.

Ross Stores Stock Up 1.0%

NASDAQ ROST opened at $193.79 on Friday. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $194.52. The stock has a market cap of $62.68 billion, a PE ratio of 30.28, a PEG ratio of 3.66 and a beta of 1.01. The firm has a 50-day simple moving average of $177.85 and a 200 day simple moving average of $157.33. 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 (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating the consensus estimate of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. The company’s revenue for the quarter 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. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were paid 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 yield of 0.8%. Ross Stores’s payout ratio is currently 25.31%.

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.