Railway Pension Investments Ltd Acquires 31,100 Shares of Ross Stores, Inc. $ROST

Railway Pension Investments Ltd raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 37.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 114,000 shares of the apparel retailer’s stock after acquiring an additional 31,100 shares during the quarter. Railway Pension Investments Ltd’s holdings in Ross Stores were worth $24,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Woodline Partners LP raised its position in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after buying an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Ross Stores by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after acquiring an additional 117 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after acquiring an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock valued at $19,200,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of Ross Stores by 2.2% during the second quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after purchasing an additional 265 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ROST. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Truist Financial lifted their price target on shares of Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 21st. Wall Street Zen downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Finally, Evercore set a $290.00 target price on Ross Stores in a research note on Friday, August 21st. Fifteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.76.

Ross Stores Trading Down 0.0%

Ross Stores stock opened at $228.54 on Tuesday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $233.78 and its two-hundred day simple moving average is $223.91. The company has a market capitalization of $73.31 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 1.92 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the previous year, the business posted $1.56 EPS. Ross Stores’s revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts predict that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s payout ratio is presently 21.55%.

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.