Dimensional Fund Advisors LP Has $372.13 Million Stake in Ross Stores, Inc. $ROST

Key Points

• Dimensional Fund Advisors LP boosted its stake in Ross Stores, Inc. by 0.5% in the first quarter, holding approximately 2.9 million shares valued at $372 million.
• Several institutional investors increased their holdings significantly, with Golden State Wealth Management increasing by 50.7% and Bayforest Capital by 372.5% during the same period.
• Analysts have adjusted their price targets for Ross Stores, with a current consensus rating of "Moderate Buy" and a consensus price target of $159.06.

Dimensional Fund Advisors LP raised its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 0.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,912,392 shares of the apparel retailer's stock after acquiring an additional 15,085 shares during the period. Dimensional Fund Advisors LP owned about 0.89% of Ross Stores worth $372,134,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC raised its holdings in Ross Stores by 3.1% in the 1st quarter. Horizon Investments LLC now owns 6,403 shares of the apparel retailer's stock valued at $818,000 after acquiring an additional 193 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in Ross Stores by 1.5% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 5,579 shares of the apparel retailer's stock valued at $713,000 after acquiring an additional 81 shares in the last quarter. E Fund Management Co. Ltd. grew its stake in shares of Ross Stores by 36.6% in the 1st quarter. E Fund Management Co. Ltd. now owns 9,237 shares of the apparel retailer's stock valued at $1,180,000 after purchasing an additional 2,477 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Ross Stores by 8.7% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,584 shares of the apparel retailer's stock valued at $1,353,000 after purchasing an additional 847 shares during the period. Finally, S Bank Fund Management Ltd bought a new stake in shares of Ross Stores in the 1st quarter valued at approximately $3,849,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Trading Up 1.2%

Shares of ROST stock traded up $1.82 during trading hours on Tuesday, reaching $147.88. The company had a trading volume of 3,534,508 shares, compared to its average volume of 3,089,632. The company has a 50 day moving average of $135.19 and a 200 day moving average of $137.11. 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 has a market cap of $48.37 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 2.82 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.

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

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

ROST has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Loop Capital decreased their price target 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. Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and increased their price target for the stock from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Finally, Wells Fargo & Company decreased their price objective on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $159.06.

About Ross Stores

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.