Rep. Dan Newhouse Purchases Shares of Ross Stores, Inc. (NASDAQ:ROST)

Representative Dan Newhouse (R-Washington) recently bought shares of Ross Stores, Inc. (NASDAQ:ROST). In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ross Stores stock on August 18th. The trade occurred in the Representative’s “EDWARD JONES IRA” account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of ONEOK (NYSE:OKE) on 8/18/2025.
• Sold $1,001 – $15,000 in shares of RTX (NYSE:RTX) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of General Mills (NYSE:GIS) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of United Parcel Service (NYSE:UPS) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Brown & Brown (NYSE:BRO) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of AMETEK (NYSE:AME) on 8/18/2025.
• Purchased $1,001 – $15,000 in shares of S&P Global (NYSE:SPGI) on 8/18/2025.

Ross Stores Stock Performance

Shares of ROST stock opened at $151.86 on Tuesday. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $158.69. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.91 and a beta of 1.15. The stock’s fifty day simple moving average is $146.04 and its 200-day simple moving average is $139.36.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The firm had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be issued a dividend of $0.405 per share. The ex-dividend date is Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. Ross Stores’s payout ratio is currently 25.71%.

Wall Street Analyst Weigh In

A number of research analysts have commented on ROST shares. Cowen restated a “buy” rating on shares of Ross Stores in a research note on Friday, August 22nd. Jefferies Financial Group upgraded Ross Stores from a “hold” rating to a “buy” rating and boosted their target price for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price target on Ross Stores from $156.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Robert W. Baird increased their price objective on Ross Stores from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Finally, UBS Group raised their price objective on Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $160.67.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 2,932 shares of Ross Stores stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $149.09, for a total value of $437,131.88. Following the sale, the chief marketing officer owned 88,335 shares of the company’s stock, valued at $13,169,865.15. This trade represents a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Karen Sykes sold 4,000 shares of Ross Stores stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $151.76, for a total value of $607,040.00. Following the completion of the sale, the chief marketing officer directly owned 106,413 shares in the company, valued at $16,149,236.88. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,283 shares of company stock valued at $6,789,418 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ross Stores

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after buying an additional 5,060,954 shares during the period. Norges Bank acquired a new stake in shares of Ross Stores in the 2nd quarter valued at about $521,159,000. Bank of America Corp DE raised its stake 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 valued at $1,222,523,000 after purchasing an additional 1,657,008 shares during the period. EdgePoint Investment Group Inc. raised its stake in shares of Ross Stores by 59.3% in the 1st quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer’s stock valued at $518,200,000 after purchasing an additional 1,509,815 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Ross Stores in the 1st quarter valued at about $122,043,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington’s 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.

Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington’s 4th Congressional District. He won in the general election on November 5, 2024.

Click here to see Newhouse’s key votes in Congress.

Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013.

Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.