Boston Family Office LLC Buys New Shares in Ross Stores, Inc. $ROST

Key Points

• Boston Family Office LLC has made a new investment of approximately $267,000 in Ross Stores, acquiring 2,091 shares during the 1st quarter.
• Analysts have mixed views on Ross Stores, with ratings ranging from "strong buy" to "hold" and a recent price target average of $159.06.
• Ross Stores reported a quarterly earnings per share of $1.47, surpassing expectations, alongside a revenue of $4.98 billion for the quarter.

Boston Family Office LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,091 shares of the apparel retailer's stock, valued at approximately $267,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Ross Stores by 17.0% in the 1st quarter. Vanguard Group Inc. now owns 34,121,706 shares of the apparel retailer's stock valued at $4,360,413,000 after purchasing an additional 4,946,101 shares during the period. Price T Rowe Associates Inc. MD grew its position in Ross Stores by 25.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock valued at $2,952,170,000 after purchasing an additional 3,995,760 shares in the last quarter. Invesco Ltd. increased its stake in Ross Stores by 5.0% in the 1st quarter. Invesco Ltd. now owns 3,997,575 shares of the apparel retailer's stock valued at $510,850,000 after buying an additional 192,148 shares during the period. Northern Trust Corp lifted its position in Ross Stores by 12.1% in the 4th quarter. Northern Trust Corp now owns 3,572,823 shares of the apparel retailer's stock worth $540,461,000 after buying an additional 386,838 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in Ross Stores by 69.6% in the 4th quarter. Royal Bank of Canada now owns 3,336,312 shares of the apparel retailer's stock worth $504,684,000 after buying an additional 1,368,571 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ:ROST traded up $1.82 during midday trading on Tuesday, reaching $147.88. The stock had a trading volume of 3,534,508 shares, compared to its average volume of 2,591,074. The stock has a market capitalization of $48.37 billion, a P/E ratio of 23.36, a PEG ratio of 2.80 and a beta of 1.11. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The firm's fifty day simple moving average is $135.35 and its 200-day simple moving average is $137.18.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. The company had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The business's quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 earnings per share. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's payout ratio is currently 25.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and boosted their target price for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Loop Capital dropped their target price on Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price target on Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company lowered their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $159.06.

Ross Stores Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.