Ross Stores, Inc. $ROST Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 6.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,610 shares of the apparel retailer’s stock after purchasing an additional 7,338 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Ross Stores were worth $19,904,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ROST. American National Bank & Trust acquired a new stake in Ross Stores in the 3rd quarter valued at $26,000. Grey Fox Wealth Advisors LLC purchased a new position in Ross Stores during the third quarter valued at $29,000. Aspect Partners LLC grew 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 valued at $26,000 after purchasing an additional 146 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Up 0.2%

Shares of NASDAQ:ROST opened at $186.50 on Friday. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $194.92. The stock has a market cap of $60.32 billion, a P/E ratio of 29.14, a PEG ratio of 3.55 and a beta of 1.01. The business has a fifty day moving average of $183.39 and a two-hundred day moving average of $161.36. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last announced 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. 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 quarter in the previous year, the company posted $1.48 EPS. The company’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. On average, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 0.9%. 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

ROST has been the topic of a number of research reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $170.00 price target on shares of Ross Stores in a research note on Tuesday, January 6th. UBS Group increased their target price on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Citigroup lifted their price target on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Wells Fargo & Company increased their price objective on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Finally, Erste Group Bank initiated coverage on Ross Stores in a report on Friday, October 31st. They issued a “buy” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.41.

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.