Kornitzer Capital Management Inc. KS Has $6.65 Million Holdings in Ross Stores, Inc. $ROST

Kornitzer Capital Management Inc. KS lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 28.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,625 shares of the apparel retailer’s stock after buying an additional 9,750 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Ross Stores were worth $6,648,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Ross Stores by 14.8% in the 2nd 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 in the last quarter. Norges Bank bought a new stake in shares of Ross Stores in the second quarter valued at $521,159,000. Bank of America Corp DE lifted its position in shares of Ross Stores by 20.9% during 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 buying an additional 1,657,008 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Ross Stores by 30.1% during the 2nd quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock worth $468,203,000 after acquiring an additional 849,391 shares during the period. Finally, Scopus Asset Management L.P. bought a new position in shares of Ross Stores during the 2nd quarter worth $102,281,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROST has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on shares of Ross Stores in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Erste Group Bank started coverage on Ross Stores in a report on Friday, October 31st. They set a “buy” rating on the stock. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, UBS Group increased their price target on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Stock Down 0.8%

Shares of NASDAQ:ROST opened at $186.00 on Wednesday. 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 company has a market cap of $60.16 billion, a PE ratio of 29.06, a P/E/G ratio of 3.58 and a beta of 1.01. The stock’s 50-day moving average is $182.36 and its 200 day moving average is $161.01. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $194.92.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $5.38 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm’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. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 EPS 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. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.9%. Ross Stores’s payout ratio is 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.