Teacher Retirement System of Texas Sells 11,975 Shares of Ross Stores, Inc. $ROST

Teacher Retirement System of Texas lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,114 shares of the apparel retailer’s stock after selling 11,975 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Ross Stores worth $31,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Ross Stores by 14.8% in the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after purchasing an additional 5,060,954 shares during the last quarter. Norges Bank acquired a new stake in shares of Ross Stores in the 2nd quarter worth $521,159,000. Bank of America Corp DE boosted its position in shares of Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. First Trust Advisors LP grew its stake in Ross Stores by 30.1% during the 2nd quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock worth $468,203,000 after buying an additional 849,391 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Ross Stores during the 2nd quarter valued at about $102,281,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Friday, January 9th. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research report on Wednesday, December 17th. Bank of America lifted their target price on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Erste Group Bank assumed coverage on shares of Ross Stores in a research report on Friday, October 31st. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $188.55 on Friday. The business’s 50 day moving average price is $181.27 and its 200 day moving average price is $159.83. The firm has a market cap of $60.99 billion, a P/E ratio of 29.46, a P/E/G ratio of 3.57 and a beta of 1.01. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $194.92. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period last year, the firm posted $1.48 EPS. Ross Stores’s revenue for the quarter 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. On average, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors 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 dividend on an annualized basis and a yield of 0.9%. Ross Stores’s payout ratio is currently 25.31%.

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.