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

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

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC lifted its position in Ross Stores by 3.1% in the third quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock worth $351,000 after purchasing an additional 69 shares during the period. Empirical Finance LLC lifted its holdings in shares of Ross Stores by 0.6% in the second quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock valued at $1,535,000 after buying an additional 74 shares during the period. Wedmont Private Capital lifted its holdings in shares of Ross Stores by 1.4% in the second quarter. Wedmont Private Capital now owns 5,707 shares of the apparel retailer’s stock valued at $749,000 after buying an additional 79 shares during the period. Cary Street Partners Investment Advisory LLC boosted its stake in Ross Stores by 3.2% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock valued at $366,000 after buying an additional 90 shares in the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in Ross Stores by 5.5% during the second quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock worth $239,000 after acquiring an additional 97 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 1.1%

Shares of NASDAQ:ROST opened at $191.44 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The company 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. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $192.26. The firm has a 50 day simple moving average of $175.34 and a 200 day simple moving average of $155.71.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data 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 firm had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the company posted $1.48 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ROST shares. BTIG Research began coverage on shares of Ross Stores in a report on Tuesday, October 14th. They issued a “neutral” rating for the company. Evercore ISI increased their target price on shares of Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 price target on shares of Ross Stores in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on Ross Stores in a research report on Thursday. Finally, Telsey Advisory Group raised their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, November 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average price target of $186.41.

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.