Sarasin & Partners LLP Has $69.46 Million Stock Holdings in Ross Stores, Inc. $ROST

Sarasin & Partners LLP lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 457,403 shares of the apparel retailer’s stock after selling 6,187 shares during the quarter. Sarasin & Partners LLP owned 0.14% of Ross Stores worth $69,461,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ROST. Aspect Partners LLC increased its position in shares of 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 acquiring an additional 146 shares in the last quarter. Bayforest Capital Ltd boosted its stake in Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the period. Banque Transatlantique SA bought a new position in Ross Stores during the 1st quarter worth about $29,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Ross Stores in the 2nd quarter valued at about $38,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Ross Stores in the 2nd quarter valued at about $38,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROST has been the subject of a number of research reports. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. TD Cowen upped their price target on Ross Stores from $170.00 to $174.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. BTIG Research initiated coverage on shares of Ross Stores in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Cowen reissued a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein increased their target price on shares of Ross Stores from $147.00 to $159.00 and gave the stock a “market perform” rating in a report on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given 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 an average price target of $183.56.

Ross Stores Trading Down 0.1%

Shares of Ross Stores stock opened at $182.41 on Friday. The company has a market capitalization of $59.00 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 4.01 and a beta of 1.03. 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 business has a fifty day simple moving average of $167.54 and a two-hundred day simple moving average of $150.56. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $185.85.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.20. The firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. 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. Research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Insider Activity

In other news, CMO Karen Fleming sold 2,932 shares of Ross Stores stock in a transaction that occurred on Thursday, September 25th. The shares were 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 in the company, valued at approximately $13,169,865.15. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen C. Brinkley sold 6,437 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the sale, the insider directly owned 57,012 shares in the company, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 48,720 shares of company stock worth $7,154,172. Corporate insiders own 2.20% of the company’s stock.

Ross Stores Company 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.