Resona Asset Management Co. Ltd. Lowers Stock Position in Ross Stores, Inc. $ROST

Resona Asset Management Co. Ltd. cut its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,493 shares of the apparel retailer’s stock after selling 6,018 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Ross Stores were worth $15,762,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Aspect Partners LLC lifted its position in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after buying an additional 146 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Ross Stores during the third quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC bought a new stake in Ross Stores during the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 acquiring an additional 148 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Ross Stores in the second quarter worth $38,000. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ROST has been the topic of a number of recent analyst reports. UBS Group lifted their target price on Ross Stores from $169.00 to $181.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a research report on Thursday, January 8th. Telsey Advisory Group lifted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company upped their price objective on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $186.41.

Ross Stores Stock Performance

NASDAQ ROST opened at $188.55 on Monday. The firm has a market cap of $60.99 billion, a P/E ratio of 29.46, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $181.27 and its 200-day moving average is $160.23. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $194.92.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating 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 business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the previous year, the business earned $1.48 EPS. Ross Stores’s 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. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were paid a $0.405 dividend. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 annualized dividend and a yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) 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.