Teacher Retirement System of Texas Lowers Holdings in Ross Stores, Inc. $ROST

Teacher Retirement System of Texas trimmed its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 204,114 shares of the apparel retailer’s stock after selling 11,975 shares during the period. Teacher Retirement System of Texas’ holdings in Ross Stores were worth $31,105,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ROST. Vanguard Group Inc. lifted its holdings in Ross Stores by 14.8% in the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock valued at $4,998,924,000 after acquiring an additional 5,060,954 shares during the period. Norges Bank purchased a new position in shares of Ross Stores during the 2nd quarter valued at approximately $521,159,000. Bank of America Corp DE lifted 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. First Trust Advisors LP boosted its holdings in Ross Stores by 30.1% during the second quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock worth $468,203,000 after buying an additional 849,391 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Ross Stores during the second quarter worth $102,281,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.8%

Shares of Ross Stores stock opened at $188.55 on Friday. 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 $194.92. The firm has a market capitalization of $60.99 billion, a PE ratio of 29.46, a P/E/G ratio of 3.57 and a beta of 1.01. The firm’s 50-day moving average price is $181.27 and its 200 day moving average price is $159.83.

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

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio is currently 25.31%.

Analyst Ratings Changes

ROST has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Jefferies Financial Group restated a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. Citigroup upped their price target on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Wells Fargo & Company raised their price objective on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 price objective on shares of Ross Stores in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.41.

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.