Meeder Asset Management Inc. Purchases 4,568 Shares of Ross Stores, Inc. $ROST

Meeder Asset Management Inc. boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 2,768.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,733 shares of the apparel retailer’s stock after purchasing an additional 4,568 shares during the quarter. Meeder Asset Management Inc.’s holdings in Ross Stores were worth $721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Aspect Partners LLC raised its position in shares of Ross Stores by 251.7% in the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after buying an additional 146 shares in the last quarter. American National Bank & Trust purchased a new position in Ross Stores during the third quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 148 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Ross Stores in the 2nd quarter valued at about $38,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of Ross Stores during the 2nd quarter valued at about $38,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $192.26 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $192.49. The company has a fifty day moving average of $175.96 and a 200-day moving average of $156.37. The stock has a market capitalization of $62.19 billion, a price-to-earnings ratio of 30.04, a price-to-earnings-growth ratio of 4.21 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s 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. Equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

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

Analyst Ratings Changes

ROST has been the topic of several research analyst reports. Guggenheim upgraded shares of Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. BTIG Research started coverage on shares of Ross Stores in a report on Tuesday, October 14th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.