Foyston Gordon & Payne Inc Acquires 4,142 Shares of Ross Stores, Inc. $ROST

Key Points

• Foyston Gordon & Payne Inc increased its stake in Ross Stores, Inc. by 10.9% during the first quarter, now holding a total of 41,996 shares worth approximately $5.37 million.
• Ross Stores reported earnings of $1.47 per share for the recent quarter, surpassing analysts' expectations, with a net margin of 9.79% and revenue of $4.98 billion, a 2.6% increase year-over-year.
• The company declared a quarterly dividend of $0.405 per share, reflecting an annualized dividend yield of 1.1% and a payout ratio of 25.59%.

Foyston Gordon & Payne Inc boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 10.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,996 shares of the apparel retailer's stock after buying an additional 4,142 shares during the period. Ross Stores makes up approximately 1.3% of Foyston Gordon & Payne Inc's investment portfolio, making the stock its 27th largest position. Foyston Gordon & Payne Inc's holdings in Ross Stores were worth $5,367,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ROST. Baird Financial Group Inc. boosted its stake in shares of Ross Stores by 274.3% in the 4th quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock valued at $3,096,000 after purchasing an additional 14,998 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Ross Stores by 42.0% in the 4th quarter. Deutsche Bank AG now owns 1,276,799 shares of the apparel retailer's stock valued at $193,141,000 after purchasing an additional 377,554 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Ross Stores in the 1st quarter valued at approximately $328,000. Aurdan Capital Management LLC acquired a new stake in shares of Ross Stores in the 4th quarter valued at approximately $8,516,000. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of Ross Stores in the 1st quarter valued at approximately $1,476,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROST has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Ross Stores from a "hold" rating to a "buy" rating and raised their price objective for the company from $135.00 to $150.00 in a report on Wednesday, July 2nd. Loop Capital dropped their price objective on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Barclays dropped their price objective on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Morgan Stanley dropped their price objective on shares of 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, the company has an average rating of "Moderate Buy" and a consensus target price of $159.06.

Ross Stores Stock Up 1.2%

NASDAQ:ROST 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 2,591,074. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $163.60. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18. The firm has a market cap of $48.37 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 2.80 and a beta of 1.11. The business's 50-day simple moving average is $135.35 and its two-hundred day simple moving average is $137.18.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The company had revenue of $4.98 billion for 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 revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. On average, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 1.1%. Ross Stores's payout ratio is currently 25.59%.

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.