Ross Stores, Inc. $ROST Shares Bought by Burgundy Asset Management Ltd.

Key Points

• Burgundy Asset Management Ltd. increased its stake in Ross Stores, Inc. by 4.6%, now holding a total of 1,204,015 shares, which constitutes approximately 1.6% of its investment portfolio.
• Ross Stores reported $1.47 earnings per share for the most recent quarter, surpassing analysts' expectations, and achieved a net margin of 9.79% with revenue of $4.98 billion.
• The company declared a quarterly dividend of $0.405 per share, representing an annualized dividend yield of 1.1%.

Burgundy Asset Management Ltd. lifted its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,204,015 shares of the apparel retailer's stock after purchasing an additional 52,851 shares during the period. Ross Stores accounts for about 1.6% of Burgundy Asset Management Ltd.'s investment portfolio, making the stock its 26th biggest position. Burgundy Asset Management Ltd. owned approximately 0.37% of Ross Stores worth $153,861,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Golden State Wealth Management LLC boosted its holdings in shares of Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after purchasing an additional 73 shares during the period. Bayforest Capital Ltd lifted its holdings in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock worth $31,000 after buying an additional 190 shares during the period. Tradewinds Capital Management LLC lifted its holdings in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after buying an additional 75 shares during the period. Putney Financial Group LLC purchased a new stake in Ross Stores during the fourth quarter worth $44,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Ross Stores during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 86.86% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on ROST. Barclays lowered their target price on Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and increased their price objective for the company from $135.00 to $150.00 in a report on Wednesday, July 2nd. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Morgan Stanley decreased their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.06.

Ross Stores Stock Performance

Shares of NASDAQ ROST traded up $1.82 during mid-day trading on Tuesday, hitting $147.88. The stock had a trading volume of 3,534,508 shares, compared to its average volume of 2,591,074. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55. The company has a 50 day moving average of $135.35 and a two-hundred day moving average of $137.18. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $163.60. The firm has a market cap of $48.37 billion, a PE ratio of 23.36, a PEG ratio of 2.80 and a beta of 1.11.

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

Ross Stores Announces Dividend

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

Ross Stores Company 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.