64,979 Shares in Ross Stores, Inc. $ROST Purchased by Cibc World Market Inc.

Key Points

• CIBC World Markets acquired 64,979 Ross Stores shares in the second quarter, valued at approximately $13.8 million. Institutional investors and hedge funds collectively own 86.86% of the company.
• Ross Stores reported a strong quarter, with adjusted EPS of $2.66 versus the $1.95 consensus estimate and revenue of $6.26 billion, up 13.3% year over year.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $263.76, while the company declared a quarterly dividend of $0.445 per share.

Cibc World Market Inc. acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 64,979 shares of the apparel retailer's stock, valued at approximately $13,831,000.

A number of other large investors also recently added to or reduced their stakes in ROST. Ethic Inc. lifted its stake in Ross Stores by 25.6% in the fourth quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer's stock valued at $4,282,000 after buying an additional 4,847 shares during the period. National Pension Service grew its position in shares of Ross Stores by 138.4% during the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer's stock worth $234,192,000 after buying an additional 754,816 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of Ross Stores in the 4th quarter valued at about $204,750,000. NewEdge Wealth LLC increased its stake in shares of Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer's stock valued at $2,656,000 after acquiring an additional 7,353 shares during the last quarter. Finally, Jefferies Financial Group Inc. raised its position in shares of Ross Stores by 744.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer's stock valued at $38,131,000 after acquiring an additional 186,619 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Ross Stores

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 Analysts Forecast Growth

Several research firms recently weighed in on ROST. Barclays lifted their price objective on shares of Ross Stores from $260.00 to $298.00 and gave the stock an "overweight" rating in a research note on Friday. Zacks Research lowered shares of Ross Stores from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $294.00 price target on shares of Ross Stores in a research report on Friday. Jefferies Financial Group boosted their price target on shares of Ross Stores from $265.00 to $285.00 and gave the company a "buy" rating in a report on Friday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $263.76.

Ross Stores Stock Performance

Shares of ROST opened at $241.52 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00. The firm's 50 day moving average price is $233.90 and its two-hundred day moving average price is $222.44. The firm has a market cap of $77.48 billion, a P/E ratio of 29.24, a PEG ratio of 2.30 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. The business had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the business posted $1.56 earnings per share. On average, analysts forecast that Ross Stores, Inc. will post 8.13 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

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.

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