Truist Financial Corp Lowers Position in Ross Stores, Inc. $ROST

Truist Financial Corp lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 24.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 81,867 shares of the apparel retailer’s stock after selling 26,275 shares during the period. Truist Financial Corp’s holdings in Ross Stores were worth $12,476,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Aspect Partners LLC grew its stake 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 valued at $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust bought a new position in shares of Ross Stores in the third quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ross Stores in the third quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Ross Stores by 162.6% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Ross Stores during the 2nd quarter valued at $38,000. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Robert W. Baird set a $200.00 target price on Ross Stores in a research note on Wednesday, December 17th. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Erste Group Bank began coverage on shares of Ross Stores in a report on Friday, October 31st. They set a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.41.

Ross Stores Stock Up 1.2%

Shares of ROST opened at $188.65 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market capitalization of $61.02 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 3.56 and a beta of 1.01. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92. The business’s 50 day simple moving average is $183.68 and its 200-day simple moving average is $162.00.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. Ross Stores’s quarterly revenue was up 10.4% on a year-over-year basis. 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. As a group, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were given 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.