Ross Stores, Inc. $ROST Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Ross Stores, Inc. (NASDAQ:ROST) by 80.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,260 shares of the apparel retailer’s stock after selling 330,144 shares during the period. Nisa Investment Advisors LLC’s holdings in Ross Stores were worth $12,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust acquired a new position in shares of Ross Stores in the 3rd quarter worth approximately $26,000. Aspect Partners LLC lifted its stake in Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 146 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares during the period. Bayforest Capital Ltd increased its stake in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research reports. Telsey Advisory Group lifted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, November 21st. BTIG Research assumed coverage on Ross Stores in a research note on Tuesday, October 14th. They issued a “neutral” rating for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $205.00 target price on shares of Ross Stores in a report on Monday, December 1st. JPMorgan Chase & Co. raised their price target on Ross Stores from $188.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 21st. Finally, Guggenheim upgraded Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Stock Performance

ROST opened at $191.44 on Friday. The business’s 50 day moving average is $175.34 and its 200-day moving average is $155.71. The stock has a market cap of $61.92 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 4.21 and a beta of 1.01. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $192.26.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the company posted $1.48 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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. On average, analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were paid a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, December 9th. Ross Stores’s payout ratio is currently 25.31%.

About Ross Stores

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.