Vest Financial LLC Has $47.65 Million Stock Holdings in Ross Stores, Inc. $ROST

Vest Financial LLC lifted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 312,673 shares of the apparel retailer’s stock after buying an additional 33,480 shares during the period. Vest Financial LLC owned about 0.10% of Ross Stores worth $47,648,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ROST. Woodline Partners LP grew its position in Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after acquiring an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 117 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Ross Stores by 2.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 82,645 shares of the apparel retailer’s stock valued at $10,872,000 after purchasing an additional 1,723 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Ross Stores by 35.8% during the 2nd quarter. Diversified Trust Co now owns 2,390 shares of the apparel retailer’s stock valued at $305,000 after purchasing an additional 630 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Ross Stores by 7.5% during the 2nd quarter. Park Avenue Securities LLC now owns 10,637 shares of the apparel retailer’s stock valued at $1,357,000 after purchasing an additional 744 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on ROST shares. TD Cowen increased their price objective on shares of Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Barclays reiterated an “overweight” rating and set a $205.00 price target on shares of Ross Stores in a report on Tuesday, January 6th. Bank of America raised their price objective on Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 21st. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Cowen reiterated a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.41.

Ross Stores Stock Down 0.8%

Shares of ROST opened at $190.75 on Wednesday. The stock’s 50-day moving average price is $179.62 and its two-hundred day moving average price is $159.00. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $194.92. The company has a market capitalization of $61.70 billion, a PE ratio of 29.81, a PEG ratio of 3.67 and a beta of 1.01. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results 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. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. 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, analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s payout ratio is currently 25.31%.

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.