Osmosis Investment Management UK Ltd Takes Position in Ross Stores, Inc. $ROST

Osmosis Investment Management UK Ltd bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, HoldingsChannel reports. The fund bought 9,529 shares of the apparel retailer’s stock, valued at approximately $2,028,000.

A number of other large investors have also made changes to their positions in ROST. Hilton Head Capital Partners LLC purchased a new position in Ross Stores during the 4th quarter worth $26,000. Bard Associates Inc. purchased a new stake in Ross Stores in the fourth quarter valued at about $31,000. Virtus Advisers LLC acquired a new stake in Ross Stores in the fourth quarter worth about $32,000. Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores in the fourth quarter worth about $38,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Ross Stores during the second quarter worth about $43,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores News Summary

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Earnings beat supports upside: Ross Stores substantially exceeded quarterly EPS expectations and reported double-digit revenue growth, reinforcing investor confidence in its off-price retail model. Ross Stores Trounces Earnings, Set To Retake Buy Point
• Positive Sentiment: Higher price targets: JPMorgan raised its price target to $272, while Robert W. Baird forecast strong potential appreciation. These actions suggest some analysts see additional upside following the earnings performance. JPMorgan Raises Ross Stores Price Target Baird Forecasts Strong Price Appreciation
• Positive Sentiment: Technical setup improves: A market forecast indicates that recent support has held across multiple timeframes, potentially allowing ROST to break above $245 and pursue higher technical targets. Ross Stores Price Forecast
• Neutral Sentiment: Analyst consensus remains constructive: Ross Stores carries an average “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction. Ross Stores Moderate Buy Recommendation
• Neutral Sentiment: UBS maintained a Hold rating, providing a counterpoint to the more bullish price-target revisions. UBS Maintains Hold Rating
• Neutral Sentiment: Investor attention remains focused on retail momentum and ROST’s outperformance versus TJX, although commentary from Jim Cramer is not a fundamental earnings catalyst. Jim Cramer Discusses Ross Stores and TJX

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ROST. Morgan Stanley upped their price target on shares of Ross Stores from $231.00 to $234.00 and gave the company an “equal weight” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Evercore set a $290.00 target price on Ross Stores in a research note on Friday. Finally, Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Fifteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $263.76.

Ross Stores Stock Up 1.0%

ROST opened at $241.52 on Tuesday. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. The company has a fifty day moving average of $233.90 and a two-hundred day moving average of $222.44. The stock has a market capitalization of $77.48 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.30 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.56 EPS. On average, research analysts expect that Ross Stores, Inc. will post 8.13 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.445 per share. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores’s payout ratio is presently 21.55%.

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.