Rep. Jefferson Shreve Sells Off Shares of Ross Stores, Inc. (NASDAQ:ROST)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ross Stores, Inc. (NASDAQ:ROST). In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Ross Stores stock on March 13th. The trade occurred in the Representative’s “CRT – STANDARD UNIT TRUST” account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 – $50,000 in shares of Harley-Davidson (NYSE:HOG) on 3/31/2025.
• Purchased $50,001 – $100,000 in shares of Block (NYSE:XYZ) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of DuPont de Nemours (NYSE:DD) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of United Community Banks (NASDAQ:UCB) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of IDEX (NYSE:IEX) on 3/31/2025.
• Purchased $15,001 – $50,000 in shares of HNI (NYSE:HNI) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of ServiceNow (NYSE:NOW) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Coinbase Global (NASDAQ:COIN) on 3/31/2025.
• Sold $15,001 – $50,000 in shares of Constellation Energy (NASDAQ:CEG) on 3/31/2025.
• Sold $50,001 – $100,000 in shares of Simon Property Group (NYSE:SPG) on 3/31/2025.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $141.03 on Wednesday. The firm has a market cap of $46.37 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $163.60. The business’s fifty day simple moving average is $133.64 and its 200-day simple moving average is $143.04.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Equities analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.62 dividend on an annualized basis and a yield of 1.15%. This is an increase from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s payout ratio is currently 25.63%.

Wall Street Analyst Weigh In

ROST has been the subject of several research analyst reports. Telsey Advisory Group lowered their price target on Ross Stores from $175.00 to $150.00 and set a “market perform” rating for the company in a research report on Wednesday, March 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price target (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Barclays set a $150.00 price objective on shares of Ross Stores in a research note on Wednesday, March 5th. Wells Fargo & Company raised shares of Ross Stores from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $150.00 in a research note on Tuesday, April 8th. Finally, Loop Capital decreased their price target on shares of Ross Stores from $190.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

Insider Transactions at Ross Stores

In other Ross Stores news, CMO Karen Sykes sold 5,036 shares of Ross Stores stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $130.48, for a total value of $657,097.28. Following the transaction, the chief marketing officer now directly owns 110,365 shares in the company, valued at approximately $14,400,425.20. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael Balmuth sold 11,261 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the sale, the chairman now owns 59,790 shares of the company’s stock, valued at $7,868,364. This trade represents a 15.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,398 shares of company stock worth $4,439,950. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Ross Stores

Institutional investors have recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its holdings in Ross Stores by 152.9% during the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Ross Stores during the 4th quarter worth $31,000. ORG Partners LLC lifted its position in Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 191 shares during the last quarter. Putney Financial Group LLC acquired a new position in Ross Stores in the fourth quarter valued at $44,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Ross Stores during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana’s 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana’s 6th Congressional District. He declared candidacy for the 2026 election.

Email [email protected] to notify us of updates to this biography.
Jefferson Shreve earned a bachelor’s degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve’s career experience includes working as a real estate executive.

Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.