Ross Stores, Inc. $ROST Shares Acquired by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 14.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,304 shares of the apparel retailer’s stock after buying an additional 554 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Ross Stores were worth $549,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ICW Investment Advisors LLC grew its position in Ross Stores by 0.4% in the 1st quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock worth $2,359,000 after purchasing an additional 67 shares during the last quarter. CreativeOne Wealth LLC boosted its position in shares of Ross Stores by 3.8% during the first quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock worth $247,000 after buying an additional 70 shares during the period. Empirical Finance LLC grew its holdings in Ross Stores by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock worth $1,535,000 after buying an additional 74 shares in the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in Ross Stores by 3.1% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock worth $320,000 after buying an additional 76 shares in the last quarter. Finally, Wedmont Private Capital increased its position in Ross Stores by 1.4% in the 2nd quarter. Wedmont Private Capital now owns 5,707 shares of the apparel retailer’s stock valued at $749,000 after acquiring an additional 79 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 21st. TD Cowen lifted their price objective on shares of Ross Stores from $170.00 to $174.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Citigroup upped their price objective on shares of Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.07.

Ross Stores Stock Down 0.8%

NASDAQ ROST opened at $176.33 on Friday. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $178.19. The company has a market capitalization of $57.35 billion, a P/E ratio of 27.99, a PEG ratio of 3.04 and a beta of 1.16. The company’s 50 day simple moving average is $158.63 and its 200 day simple moving average is $146.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter last year, the business posted $1.48 EPS. Ross Stores’s 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. Q4 2025 guidance at 1.770-1.85 EPS. Equities research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date is Tuesday, December 9th. Ross Stores’s payout ratio is presently 25.31%.

Insider Activity

In other news, CEO James Grant Conroy sold 39,351 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total value of $5,745,246.00. Following the completion of the sale, the chief executive officer owned 157,153 shares in the company, valued at $22,944,338. This represents a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Karen Fleming sold 2,932 shares of the firm’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $149.09, for a total value of $437,131.88. Following the completion of the sale, the chief marketing officer directly owned 88,335 shares of the company’s stock, valued at approximately $13,169,865.15. This trade represents a 3.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,720 shares of company stock valued at $7,761,212 in the last 90 days. Company insiders own 2.20% of the company’s stock.

About Ross Stores

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.